In Computer Terminology, the Combination of Data and Associated Operations

question 32

Multiple Choice

In computer terminology, the combination of data and associated operations is defined as a(n) ____.

• A) constant type
• B) external type
• C) data type
• D) variable type

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Definitions:

Winner's Curse

A phenomenon where the winning bidder in an auction pays more than what the item is actually worth, often due to imperfect information.

Bidder Valuation

The process by which a bidder determines the maximum amount they are willing to pay for a good or service in an auction.

Estimated Valuation

An approximate calculation or judgment of the monetary value of a company, asset, or product.

Common-value Auction

An auction type where the item for sale is of the same value to all bidders, but that value is uncertain.