Which of the Following Is the Best Definition of an Information

question 15

Multiple Choice

Which of the following is the best definition of an information system?

• A) A set of interrelated components that collect (or retrieve), process, store, and distribute information to support decision making and control in an organization
• B) Computers, keyboards, printers, and telecommunications devices
• C) A set of detailed programmed instructions that transform raw data into information
• D) Physical devices and software that can be connected to share voice, data, images, sound, and video
• E) A global network that uses universal standards

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Definitions:

Bad Debt Expense

An expense recorded to account for receivables that are not expected to be collected, reflecting credit losses in the financial statements.

Accounts Receivable

Outstanding payments from customers for goods or services a company has already delivered.

Average Collection Period

The average number of days it takes for a business to receive payments from its customers for invoices issued, indicative of the effectiveness of a company's credit and collection policies.

Net Sales

The amount of sales generated by a company after deductions for returns, allowances for damaged or missing goods, and discounts.