The Logical and Physical Views of Data Are Separated in a DBMS

question 39

True/False

The logical and physical views of data are separated in a DBMS.

---

Definitions:

Market Dictated Price

The price of a good or service as determined by the supply and demand dynamics in the open market.

Markup Percentage

A percentage added to the cost price of goods to cover overhead and profit.

Total Cost Concept

An accounting principle that sums all costs associated with the production of a good or service, including direct, indirect, fixed, and variable costs.

Variable Costs

Costs that vary in direct proportion to changes in the level of production or sales activity.