Which of the Following Is Considered Data

question 249

Multiple Choice

Which of the following is considered data?

• A) Quantity ordered
• B) Best customer by month
• C) Best-selling item by month
• D) Worst-selling item by month

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Definitions:

Output

The cumulative volume of goods or services yielded by a business, industry, or economic structure.

Production Possibilities Diagram

A graphical representation showing the maximum number of output combinations that an economy can achieve using its resources efficiently.

Inefficiently

Operating in a manner that does not maximize productivity or wastes resources, leading to lower outputs for given inputs.

Property Rights

Legal rights to possess, use, and dispose of assets, including real estate, intellectual property, and personal possessions.