Which of the Following Is NOT a Reason Why Managers

question 44

Multiple Choice

Which of the following is NOT a reason why managers would archive data?

• A)Managers do not have access to data warehouses; thus,they want to keep their own copies of data to refer to as needed.
• B)Managers do not want to delete historical data because it can be used to help manage and develop their business.
• C)A manager may decide at some point,perhaps once you have a few years' worth of data,that you want to archive some of the older data into another database.
• D)A major use of historical data is for forecasting.

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Definitions:

Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity of the good that suppliers are willing to sell.

Demand Curve

A graph showing the relationship between the price of a good and the quantity demanded by consumers.

Market Price

The current price at which an asset or service can be bought or sold in a competitive marketplace.

Consumer Surplus

The difference between the total amount consumers are willing and able to pay for a good or service versus the total amount they actually pay.