____________________ Components Account for the Management of Information in All

question 22

Short Answer

____________________ components account for the management of information in all its states: transmission, processing, and storage.

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Definitions:

Automobile

A wheeled motor vehicle used for transportation, typically powered by an internal combustion engine or electric motor.

Private Good

A type of good that is characterized by excludability and rivalry, meaning it can be consumed by only one person at a time.

Excludable

A characteristic of a good or service that allows owners or producers to prevent others from using it without paying for it.

Rival

An entity engaged in competition for the same objective or for superiority in the same field.