The _________ Information System Is Primarily Concerned with Producing Outputs

question 92

Short Answer

The _________ information system is primarily concerned with producing outputs for internal users using inputs and processes needed to satisfy management objectives.

---

Definitions:

Time Value

The concept that money available at the present time is worth more than the same amount in the future due to its potential earning capacity.

Present Value Amount

The current value of a future sum of money or stream of cash flows, given a specified rate of return.

Rate of Earnings

Measures the speed at which a company or an investment generates income relative to a certain amount of assets, capital, or equity.

Compound Interest

The process of calculating interest on both the primary amount of a loan or deposit and on the interest that has previously been accrued over time.