Lamonte Is Employed by a Sports Broadcasting Station in Los

question 37

Multiple Choice

Lamonte is employed by a sports broadcasting station in Los Angeles.He loves his job because he and the other eleven members of his workgroup are tasked with watching all of the professional basketball games.Each member of the workgroup writes down important information about their assigned player including things like how many baskets he makes,how many carries,how many fouls,and how many times they shoot and miss the basket.The information they record is added to the player's career statistics and sent directly to the broadcast booth where it is used for the live broadcast.The information they collect is also used by sports betting organizations to determine the point spread on bets and what the pay-out should be for winning bets.When the information collected by Lamonte and his workgroup is converted to career statistics,what information management system task is being performed?

• A) Collect data
• B) Store data
• C) Update data
• D) Process data into information

---

Definitions:

Sham Exchanges

Transactions with no substantive economic reality, designed to give the appearance of legitimate business activity, often for deceptive purposes.

GAAP

Generally Accepted Accounting Principles, a set of accounting standards and procedures used in the United States for financial reporting.

SEC

The Securities and Exchange Commission, a U.S. government agency responsible for enforcing federal securities laws and regulating the securities industry, stock and options exchanges.

Fair Value

An estimate of the market value of an asset or liability, based on the current market price or the price for similar assets.