What Is the Term for the Process of Comparing Data

question 83

Multiple Choice

What is the term for the process of comparing data with a set of rules or values to find out if the data is correct?

• A)query
• B)verification
• C)procedure
• D)validation

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Definitions:

Compounded Quarterly

Interest calculated four times a year, applying on the original principal and including interest accumulated in previous periods.

Quarterly Payments

Quarterly payments are those made four times a year, often used in the context of financial arrangements like loans, leases, and investment dividends.

Compounded Monthly

Involves the calculation of interest by applying the interest rate to the sum of the initial principal and any accumulated interest, repeated monthly.

Economic Value

The measurement of the benefit provided by a good or service to an economic agent.