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Data Are Useful for Understanding Individual Sales, but to Gain

question 82

Multiple Choice

Data are useful for understanding individual sales, but to gain deeper insight into a business, data need to be turned into information.Which of the following offers an example of turning data into information?


Definitions:

Income Security

A social welfare concept ensuring individuals have a basic level of income to cover essential needs.

Social Security

A government program that provides financial assistance to individuals during retirement, disability, or upon the death of a spouse or parent.

Discretionary Spending

This refers to the portion of government spending that is decided through the annual appropriations process, covering non-essential services that do not include mandatory spending like Social Security and Medicare.

Federal Spending

involves the financial expenditures of the federal government, including spending on defense, education, public services, and social welfare.

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