Information is data converted into useful, meaningful context. What are data characteristics that change or vary over time?

A. Facts
B. Variables
C. Services
D. Supplies


Answer: B

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A professional firm's budgeted income statement would include all of the following lines except:

a. Cost of Goods Sold. b. Overhead. c. Revenue. d. Labor.

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Technical support refers to the service desk's ability to resolve incidents at the service desk without escalation to another level of support.

Answer the following statement true (T) or false (F)

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Some bonds are _____, which means the issuing firm has the right to repurchase the bonds prior to maturity at a specified price

a. convertible b. callable c. zero coupon d. serial e. debentures

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What are liquidated damages in connection with a contract?

A) Damages that are used when there are no actual damages B) Damages that result in all assets of the breaching party being paid out as damages C) Damages that are used to punish the nonbreaching party D) Damages that are set at a fixed amount in advance in the contract E) Damages that require approval in advance from the court

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