Many Data Items Can Be Packed into a Field; the Field

question 36

True/False

Many data items can be packed into a field; the field can be read and converted to a number of data items.

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Definitions:

Income

Earnings accrued from work or investment sources on a consistent basis.

Goods

Physical items that satisfy human wants or needs, which can be bought, sold, or traded.

Maximizing Utility

The process or goal of obtaining the highest level of satisfaction or benefit from the consumption of goods and services, given constraints like income.

Utility

A measure of satisfaction, usefulness, or value that an individual or society derives from a good or service.