6 Questions
Information is a business resource. ANS: ?
False
An information system is an example of a natural system. ANS: ?
False
Transaction processing systems convert non-financial transactions into financial transactions. ANS: ?
False
Information lacking reliability may still have value. ANS: ?
False
A balance sheet prepared in conformity with GAAP is an example of discretionary reporting. ANS: ?
False
The Management Reporting System provides the internal financial information needed to manage a business. ANS: ?
False
Test your knowledge about information systems with this quiz. The quiz covers topics such as the nature of information systems, transaction processing systems, reliability of information, and management reporting systems.
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