Which Statement Best Defines Data

question 20

Multiple Choice

Which statement best defines data?

• A)Synthesized information
• B)Related concepts
• C)Discrete entities that are described objectively without interpretation
• D)Interpreted,organized,or structured information

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Definitions:

Spending Limit

The maximum amount of money a person or organization is willing to spend on a particular item, project, or overall budget.

Budget Line

A visual depiction of every combination of two items that a person can purchase, based on their earnings and the costs of these products.

Good X

A placeholder term often used in economics to denote a specific, but unspecified, commodity or product in theoretical discussions.

Good Y

A placeholder term often used in economics to denote a specific good or product under consideration in a model or theory.