Which of the Following Statements Is True About Data Administration

question 60

Multiple Choice

Which of the following statements is True about data administration?

• A) It is a line function to the chief information officer.
• B) It merely involves developing data policies.
• C) It applies to individuals and not to the entire organization.
• D) It is involved in establishing data safeguards.
• E) It defines standards for the use of cryptographic suites.

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Definitions:

Psychological Pricing

A pricing strategy that plays on the psychological perception of prices by consumers, often using prices that are slightly lower than a round number to encourage purchases.

Value-Based Pricing

A pricing method that involves pricing a product based on how it benefits the customer.

Customer-Led Pricing

A pricing strategy that relies on understanding and responding to the preferences and willingness to pay of the targeted customers.

Operating Expenses

The costs required for a business to maintain its daily operations, such as rent, salaries, and utilities.