The Process of Conceptual Data Modeling Begins with Developing a Conceptual

question 51

True/False

The process of conceptual data modeling begins with developing a conceptual data model for the system being replaced,if a system already exists.This is essential for planning the conversion of the current files or database into the database of the new system.

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Definitions:

Nominal GDP

The production of goods and services valued at current prices.

Sustainable

The quality of not being harmful to the environment or depleting natural resources, thereby supporting long-term ecological balance.

Substitution Effect

The change in consumption patterns due to a change in relative prices, where consumers substitute away from more expensive goods towards cheaper ones.

Income Effect

The alteration in the income of an individual or an economy and its impact on the demand for a specific good or service.