Which of the Following Represents the Types of Data Commonly

question 29

Multiple Choice

Which of the following represents the types of data commonly found in the human resource department?

• A) Financial data
• B) Technology data
• C) Production data
• D) Employee data

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Definitions:

Rule-of-thumb

A practical principle that is not strictly accurate in all cases but is sufficient for most circumstances.

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in its price, indicating the sensitivity of consumers to price changes.

Elastic

Describes a situation where the quantity demanded or supplied of a good responds significantly to changes in its price.

Patent

A legal right granted by a government to an inventor, giving exclusive rights to use, make, and sell an invention for a certain period of time.