________ Relates to the Amount of Data Produced, Which Is

question 69

Multiple Choice

________ relates to the amount of data produced, which is generally measured in bytes, given the digital media in which data is most commonly stored.

• A) Volume
• B) Velocity
• C) Variety
• D) Veracity
• E) Value

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Definitions:

Consumption

The action of using up goods and services to satisfy needs or desires.

Income

The financial gain received by an individual or entity, usually through employment, investments, or business operations.

Interest Rate

The percentage of principal charged by the lender for the use of its money.

Budget Constraint

An economic model that outlines the combination of goods and services a consumer can purchase given their income and the prices of those goods and services.