The Scope, Management and Analysis of Data Depend Upon

question 44

Multiple Choice

The scope, management and analysis of data depend upon.

• A) The type of business, its resources
• B) Number and geographical distribution of business units
• C) All of the above

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Definitions:

Circular-Flow Diagram

A visual model of the economy that shows the flow of money, goods and services, and factors of production between households and businesses.

Firms

Businesses or companies that produce goods or provide services with the aim of making a profit.

Resources

Assets and inputs used to produce goods and services, such as time, labor, capital, and natural resources.

Factor Market

The marketplace for services of the factors of production (labor, land, capital) where these are bought and sold.