Which of Following Terms Would Be Associated with Data and NOT

question 124

Multiple Choice

Which of following terms would be associated with data and NOT with information?

• A)analyzed
• B)processed
• C)ordered
• D)raw
• E)relevant

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Definitions:

Timeliness

The aspect of delivering or completing a task within an expected or designated timeframe.

Faithful Representation

A fundamental qualitative characteristic in financial reporting, ensuring that financial statements are complete, neutral, and free from material error.

Flexibility

The ability of a company or system to adapt to changes or new requirements.

Accounting Information

Financial data and records about an organization's transactions, used for reporting, analysis, and decision-making purposes.