Raw Data Transforms to Information When ____________

question 15

Multiple Choice

Raw data transforms to information when ____________.

• A)it is calculated
• B)a manager is aware that it exists
• C)it serves a specific user's purpose
• D)a manager looks at it

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Definitions:

Cash Collections

The process of gathering all cash received from sales, services, or other sources.

Cash Budget

A forecast of cash inflows and outflows over a specific period, used for cash management.

Cash Receipts

The collection of money, typically in the form of cash or checks, by a business from its customers for goods or services provided.

Cash Disbursements

Outflows of cash for expenses, purchase of assets, or repayment of debt by a business within a given period.