DBMS Stands for ________

question 31

Multiple Choice

DBMS stands for ________.

• A)Data Marketing System
• B)Data Management System
• C)Database Marketing System
• D)Database Management System

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Definitions:

Economic Profit

The distinction between aggregate income and comprehensive charges, covering both manifest and inferred expenses.

Opportunity Cost

The value of the best alternative foregone when making a decision.

Equity Capital

Funds raised by a company through the sale of stock in the company, representing ownership interests in the corporation.

Economic Profit

The total revenue of a business minus both its explicit costs (like wages and materials) and its implicit costs (like opportunity costs), reflecting the true financial gain.