Information Systems Contain Information About Significant People, Places, and Things

question 27

True/False

Information systems contain information about significant people, places, and things within the organization or in the environment surrounding it.

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Definitions:

M1

A category of the money supply that includes all physical money like coins and currency, as well as demand deposits, checking accounts, and negotiable instruments.

Debt

is an obligation that requires one party, the debtor, to pay money or other agreed-upon value to another party, the creditor.

Assets

Resources owned by a person or business, which are expected to produce positive economic value.

Transaction Demand

The requirement to possess currency in order to carry out daily financial transactions.