Examlex
Data are processed and stored in a computer system through the presence or absence or electronic or magnetic signals to the computer. This is called a "bi-state" representation of data, because the computer and the media can exhibit only two states or conditions.
Workbook Problems
Exercises or assignments found in a workbook designed to practice or test understanding of a subject.
Term Papers
Research papers written by students over an academic term, accounting for a large part of a grade.
Utility Function
A mathematical representation of how consumer preferences are related to the consumption of goods and services.
Competitive Market
A market structure characterized by a large number of buyers and sellers, all of whom have minimal impact on the market price.
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