The Broad Areas That Internal Information Business Systems Need to Cover

question 109

Multiple Choice

The broad areas that internal information business systems need to cover include all of the following EXCEPT

• A) financial performance data.
• B) supplier/strategic partner data.
• C) customer data.
• D) operations data.
• E) competitor data.

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Definitions:

Accounts Payable

Funds that a company needs to pay back to its suppliers or creditors for products and services that it has acquired.

Income Statement

A financial statement that reports a company's financial performance over a specific accounting period, showing revenues, expenses, and profits or losses.

Prepaid Expense

Prepaid Expense represents payments made for expenses which benefits have not yet been received, recognized as assets until they are incurred.

Balance Sheet

A financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time, giving a snapshot of its financial position.