What Is the Logical View of Information

question 167

Multiple Choice

What is the logical view of information?

• A) Deals with the physical storage of information on a storage device such as a hard disk
• B) Deals with the logical storage of information on a storage device such as a hard disk
• C) Focuses on how users logically access information to meet their particular business needs
• D) Focuses on how users physically access information to meet their particular business needs

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Definitions:

Marginal Revenue (MR)

The revenue derived from selling one additional unit of output.

Marginal Cost

The additional expense associated with manufacturing one extra unit of a product, emphasizing the cost variation.

Marginal Revenue

The additional income that is generated by selling one more unit of a product or service.

Loss Minimization

A strategy in economics and business focused on reducing the losses incurred by a firm or individual to the lowest possible level.