________ Refers to a Variety of Software Applications That Analyze

question 171

Multiple Choice

________ refers to a variety of software applications that analyze an organization's raw data and obtain useful insights from it.

• A) Information processing
• B) Data processing
• C) Artificial intelligence
• D) Business intelligence

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Definitions:

Option Contract

An agreement whereby the offeree gives the offeror a piece of consideration in exchange for the offeror’s agreement to hold the offer open for the specified period of time.

Valid Promise

A pledge or commitment within a contract that meets all legal requirements, making it enforceable by law.

Option Contract

An agreement providing the buyer the right, but not the obligation, to buy or sell an asset at a predetermined price within a specific timeframe.

Consideration

An item of worth traded between individuals in a contract to render the agreement enforceable by law.