The Purpose for Which Data Is Collected Is Known as

question 13

Multiple Choice

The purpose for which data is collected is known as

• A) data application.
• B) data collection.
• C) data warehousing.
• D) data validity.

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Definitions:

Interest

The charge for borrowing money or the return on deposited funds, typically expressed as a percentage rate over a period of time.

Simple Annual Interest Rate

The percentage of the principal amount that will be charged or earned as interest, calculated once per year without compounding.

Investment

The allocation of resources, such as capital, with the expectation of generating an income or profit.

Days

The measurement of time, specifically the period of time that constitutes a 24-hour day.