............................ is a collection of raw facts organized and processed so that it has additional value beyond the value of the individual facts.

• Data

• Information

• Knowledge

• Expertise

Two quality characteristics that are critical for data used in accounting for the management of company assets, such as cash, inventory, and equipment are...........................

• flexibility and accuracy

• security and relevancy

• accuracy and timely

• relevancy and economical

............................ are the primary device type used by people around the world to communicate, go online and access and share information.

• Personal computers

• Laptops

• Smartphones

• Tablets

A ........................... is for middle level in the organization.

• transaction processing system (TPS)

• decision support system (DSS)

• enterprise resource planning (ERP) system

• supply chain management system

The .......................... is the part of the computer that sequences and executes instructions.

• CPU

• memory

• bus

• input/output devices

The two main categories of software are ........................

• enterprise and workgroup

• word processing and spreadsheet

• application software and system software

• utilities and operating system

Answer explanation

System software includes operating systems, utilities, and middleware that coordinate the activities and functions of the hardware and other programs throughout the computer system.

At the ........................ of the organizational hierarchy, ...................... that support the day-to-day activities of the business.

• lowest level, strategic information systems

• middle level, decision support systems

• middle level, management information systems

• lowest level, transaction processing systems