If You Are Collecting Data Electronically and Processing the Transaction

question 135

Multiple Choice

If you are collecting data electronically and processing the transaction online,then you are using (a) __________ .

• A)online analytical processing (OLAP)
• B)data warehouse
• C)data -mining
• D)database management system (DBMS)
• E)online transaction processing (OLTP)

Know the concepts of repatriation, codetermination, and their relevance to international management practices.

Recognize the role and activities of international union organizations.

Understand the challenges and barriers in the unionization of workers in diverse settings.

Comprehend the key issues and terms related to collective bargaining and labour relations.

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Definitions:

Opportunity Cost

The expense incurred by not choosing the second-best option available during the decision-making process.

Bank Loan

A sum of money borrowed from a bank that must be repaid with interest over a set period.

Diminishing Marginal Product

The principle that as the quantity of a factor of production increases, holding all other inputs constant, the additional output generated by one more unit of that factor will eventually decrease.

Total Cost Function

A mathematical relationship expressing the total cost of production as a function of the quantity of output.