Although Internal Databases Can Be Accessed More Quickly and Cheaply

question 38

Multiple Choice

Although internal databases can be accessed more quickly and cheaply than other information sources, one of the challenges of internal databases is ________.

• A) the inability to access
• B) maintaining the current database
• C) the lack of sophisticated equipment and technologies
• D) decision making about data collection software
• E) putting the customer at the center of all decisions

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Definitions:

Funding Requests

Applications or appeals for financial support, typically made by businesses or organizations to potential investors or grant bodies.

Degree of Operating Leverage

A financial ratio that measures the sensitivity of a company's operating income to its sales volume, indicating how earnings are affected by revenue changes.

Contribution Margin

The amount by which the sale of a product exceeds its variable costs, indicating how much contributes to covering fixed costs and generating profit.

Initial Cash Outlay

The initial sum of money required to start an investment or project, often including costs such as purchase price, setup fees, and licensing.