Information Processors

question 4

Multiple Choice

Information processors:

• A) Include information storage.
• B) Interpret, transform, and summarize information for use in analysis and reporting.
• C) Are components of an accounting system that keep data in accessible form.
• D) Are the means to take information out of an accounting system and make it available to users.
• E) Include scanners.

---

Definitions:

Output

The quantity of goods or services produced by a firm or industry within a certain period of time.

Inputs

Resources used in the production process to create goods and services, including labor, capital, materials, and energy.

Output

The quantity of goods or services produced by a company, industry, or economy within a specified time period.

Constant Returns to Scale

A situation in production where increasing all inputs by a certain proportion results in output increasing by that same proportion.