Information Technology Refers to

question 114

Multiple Choice

Information technology refers to

• A)any information derived from a nonpersonal source.
• B)operating computer networks that can store and process data.
• C)any hardware used in collecting information to be used in market research such as scanners,telephones,voting machines,etc.
• D)any activity that uses some form of electronic communication in the inventory,exchange,advertisement,distribution,and payment of goods and services.
• E)the inventions or innovations from applied science or engineering research.

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Definitions:

Managerial Accounting

A field of accounting focused on providing financial data and analysis to managers within organizations to facilitate informed decision-making.

Internal Control System

A process implemented by a company to help ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.

Manufacturing Costs

The total expenses involved in the manufacture of products, including direct materials, direct labor, and manufacturing overhead.

Cost of Goods Manufactured

The total cost incurred to produce goods during a specific period, including materials, labor, and overhead costs.