actg 134 - ch 1b Questions & Answers

63) Define the concept of a system.

A system is a set of two or more components that are somehow interrelated and interact together to achieve a specific goal







64) Define data, information, and how the value of information is determined

Data: facts that are collected, entered, recorded, stored, and processed by an AIS. Information: data that has been organized and processed and is meaningful to its users. Such information is accessible, relevant, tim...
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