In the Context of the Major Components of an Information

question 4

Multiple Choice

In the context of the major components of an information system, which is a difference between information and data?

• A)Unlike data, information is considered the input to an information system.
• B)Unlike data, information can be collected in aggregated and disaggregated forms.
• C)Unlike data, information by itself is difficult to use for making decisions.
• D)Unlike data, information consists of facts that have been analyzed by the process component.

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Definitions:

Economic Role

The functions and responsibilities that different entities (individuals, firms, governments) play in the economy.

Government

The governing body of a nation, state, or community which makes and enforces laws, policies, and regulations.

Interest Payments

The amount paid by a borrower to a lender as a charge for the use of borrowed money, typically expressed as an annual percentage of the principal.

National Debt

The total amount of money that a country's government has borrowed, typically as a result of budget deficits, and is yet to repay.