How Do Data and Information Differ

question 19

Multiple Choice

How do data and information differ?

• A)data are a body of facts in a format suitable for decision making,while information is simply facts
• B)they are the same
• C)data are simply facts; information is a body of facts in a format suitable for decision making
• D)data are associated with decision support systems; information is associated with ERP systems

---

Definitions:

Inelastic

A characteristic of a good or service whose demand doesn't significantly change when its price changes.

Tax Burden

the distribution of taxation on an individual or economic entity or the total amount of taxes paid by society as a whole.

Rent Controls

are government-imposed limits on the amount landlords can charge tenants for rent.

FICA Tax

The FICA tax is a United States federal payroll tax imposed on both employees and employers to fund Social Security and Medicare.