An Information System Consists of Hardware, Software, Data, Procedures, and the People

question 60

True/False

An information system consists of hardware, software, data, procedures, and the people who interact with and are impacted by the system.

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Definitions:

Tax Rate

The percentage of an individual's or corporation's income or profits that is paid to the government as tax.

Cash Flow

The net amount of cash and cash equivalents being transferred into and out of a business.

Creditors

Individuals or entities to whom money is owed by a debtor, usually in the form of loans or credit extended for business operations.

Millions

A numeric unit indicating one thousand thousand (1,000,000) of any quantity.