A Purchase of Books in the College Bookstore Is ___________

question 35

Multiple Choice

A purchase of books in the college bookstore is ___________. The report at the end of the day showing sales totals for the day is ____________.

• A) information, knowledge
• B) information, data
• C) data, information
• D) data, database
• E) data item, business intelligence

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Definitions:

Bilateral Contract

A bilateral contract is a mutually binding agreement in which each party makes a promise to the other, such as a promise to perform a service in exchange for payment.

Illusory Promise

Describes a statement or agreement that appears to be a promise but is too vague or has terms that allow the promisor to avoid any real obligation.

Consideration

Something of value given by both parties to a contract that induces them to enter into the agreement to exchange mutual performances.

Student Debt

Loans accumulated through financing higher education, often a significant financial burden for graduates.