Final answer:
Input is the correct term for any data and instructions entered into the memory of a computer system. The term input reflects the process of entering data, distinguishing it from output, which is the processed data provided by the system. Information is the most valuable commodity in a post-industrial society.
Step-by-step explanation:
Any data and instructions entered into the memory of a computer system are referred to as input. The correct answer to the question is c. Input. Since memory is an information processing system that encodes, stores, and retrieves information, the term input appropriately describes the process of entering data and instructions into a system. Output, on the other hand, refers to the data and information that is produced by a computer after it has been processed. In the context of a post-industrial society, the most important commodity is c. Information, as it drives the economy by allowing innovation and the efficient exchange of knowledge.