What Is Data

question 164

Multiple Choice

What is data?

• A)raw facts that describe the characteristics of an event or object
• B)data converted into a meaningful and useful context
• C)information collected from multiple sources that analyzes patterns, trends, and relationships for strategic decision making
• D)skills, experience, and expertise, coupled with information and intelligence, that creates a person's intellectual resources

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Definitions:

Federal Legislation

Laws enacted by the national government of a country, in this case, the United States, which apply to all states and citizens.

Cost-Benefit Analysis

A systematic approach to estimate the strengths and weaknesses of alternatives; it is used to determine options that provide the best approach to achieve benefits while preserving savings.

Social Theory

A framework or set of ideas that aims to explain how societies function, change, and develop.

Indirect Costs

Expenses not directly attributable to a specific product or service but necessary for the general operation of a business.