The Hardware and Software Used to Transfer Data in an Organization

question 85

Multiple Choice

The hardware and software used to transfer data in an organization is called

• A) data management technology.
• B) networking and data management technology.
• C) data and telecommunications technology.
• D) networking and telecommunications technology.

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Definitions:

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board that is used internationally.

Direct Method

An accounting method used in cash flow statements that lists major categories of gross cash receipts and payments, providing a clearer picture of a company's cash flow from operating activities.

Cash Flow Statement

A report detailing how variations in balance sheet positions and income streams influence the cash and cash equivalents, segmented into operations, investments, and financial transactions.

Accumulated Depreciation

The total amount of a tangible asset's cost that has been allocated as depreciation expense since the asset was put into use.