Information is best described as

A. raw facts about transactions.

B. data that have been organized and processed to provide meaning and improve decision making.

C. A set of related, coordinated, and structured data.

D. facts that are collected, recorded, stored, and processed by an information system.

Answer: Option B

Explanation: Information can be defined as the presentation of scattered data in a sequential manner to make it more meaningful and understanding.

Information is the exchange of intelligence, thus, it has to be organized and processed from its raw form.

From the above explanation we can conclude that the right option is B.