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:

Net Present Value

A method used in capital budgeting to assess the profitability of an investment by calculating the difference between the present value of cash inflows and outflows.

Future Cash Flows

Projections of the money a business expects to receive and pay out over a future period, influencing decision-making and valuation.

Replacement Cost

The cost to replace an asset with another of similar nature and capacity at the current prices, without considering any physical deterioration or obsolescence.

Specialised Equipment

Machinery or devices designed for a particular purpose or industry, often requiring specific knowledge or skills to operate.