One of the Disadvantages of Having a Database Management System

question 62

True/False

One of the disadvantages of having a database management system is that a specialized database management staff must be hired and maintained.

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Definitions:

Market Price

The actual selling price of a good or service in the marketplace, determined by the forces of supply and demand.

Surplus

A situation in which the quantity of a good or service exceeds the quantity demanded at the current price.

Shortage

A situation in which the demand for a product or service exceeds the available supply.

Equilibrium Price

The price at which the quantity of a good demanded by consumers equals the quantity supplied by producers, resulting in market balance.