Explanation:

This question distinguishes between two fundamental concepts in computing and information science: raw facts and meaningful data. \nOption A: Information, reporting is incorrect. Information is meaningful data, not raw facts. Reporting is the act of presenting information, not a type of data itself. \nOption B: Data, information is the correct answer. Data refers to raw, unorganized facts, figures, or symbols that have no inherent meaning on their own. For example, a list of numbers like '$10, 20, 30$' is data. When this data is processed, organized, and interpreted to provide context and meaning, it becomes information. For example, if '$10, 20, 30$' represent the daily sales figures for a product, then it becomes meaningful information. \nOption C: Information, bits is incorrect. Information is meaningful data, not raw facts. Bits are the smallest units of digital data (binary digits), which are components of data, not meaningful data in themselves. \nOption D: Records, bytes is incorrect. Records are structured collections of related data items, and bytes are units of digital information (typically 8 bits). Both are forms or units of data, but they do not represent the fundamental distinction between raw facts and meaningful data in this context. \nTherefore, 'Data' represents raw facts, and 'Information' is meaningful data.