The Primary Difference Between Raw Data and Information Is Meaning

question 3

True/False

The primary difference between raw data and information is meaning to the user.

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Definitions:

Drawing

A withdrawal made by an owner from the business for personal use.

Revenues

Income generated from normal business operations and includes discounts and deductions for returned merchandise.

Owner's Equity

The residual interest in the assets of the entity after deducting liabilities, representing the ownership stake of the owners.

Revenues

The total income generated from normal business operations and other activities over a specific time period.