Which of the Following Is the Best Description of Data

question 101

Multiple Choice

Which of the following is the best description of data?

• A)information presented in a meaningful context
• B)unbiased information
• C)recorded facts or figures
• D)knowledge derived from facts or figures

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Definitions:

Usury Laws

Legislation that sets maximum interest rates that can be charged on loans, intended to protect consumers from excessive interest.

Price Ceilings

A legally mandated upper limit on the price that may be charged for a product or service.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a particular price over a specified period.

Quantity Supplied

The measure of goods or services available from producers for sale at a particular price.