A System of Ordering Data Is Called A(n)

question 56

Multiple Choice

A system of ordering data is called a(n) :

• A)arrangement
• B)taxonomy
• C)classification
• D)nomenclature

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Definitions:

Rational Decisionmaker

An individual or entity that makes decisions by systematically evaluating available information and outcomes to choose the best possible option.

Marginal Benefit

The extra pleasure or benefit obtained from using an additional unit of a product or service.

Marginal Cost

The cost of producing one additional unit of a good.

Major in Finance

Involves the study of managing money, including investments, banking, finance markets, and the analysis of financial systems and financial planning.