Data Is

question 61

Multiple Choice

Data is

• A)The interpretation of facts that have been processed.
• B)The set of facts collected from transactions.
• C)The set of facts pertaining to accounts payable.
• D)The set of facts pertaining to accounts receivable.

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Definitions:

Statute of Frauds

A legal principle that requires certain types of contracts to be executed in writing and signed by the party to be charged, in order to be enforceable.

Enforceable

That which can be compelled or executed in accordance with legal statutes or regulations.

Binding Contracts

Agreements that are legally enforceable in a court of law, with all parties having agreed to the terms.

Joint Tenancy

A form of co-ownership where two or more persons hold an equal interest in a property with the right of survivorship.