In the Data Hierarchy, What Is a Collection of Files

question 5

Multiple Choice

In the data hierarchy, what is a collection of files?

• A)database
• B)data field
• C)data
• D)record

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Definitions:

Price

The amount of money required to purchase a good or service, typically determined by supply and demand dynamics in the market.

Claret

A term predominantly used in Britain to refer to red wines from the Bordeaux region of France.

Demand Function

A mathematical representation that describes the relationship between the quantity of a good that consumers are willing and able to purchase and its price.

Substitution Effect

The change in the consumption of goods that results from a change in their relative prices, holding the consumer's level of utility constant.