Systems That Focus on Making Data Collected in OLTP Useful

question 29

True/False

Systems that focus on making data collected in OLTP useful for decision making are often referred to as expert systems.

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Definitions:

Utility-Maximizing Rule

A principle in economics that states individuals allocate their resources to maximize their utility or satisfaction.

MU/P Ratio

The marginal utility per unit of cost ratio, used in economic theory to analyze consumer choice behavior.

Marginal Utility

The additional contentment or value received by using one more unit of a good or service.

Process Innovations

Improvements or new methods introduced in the production or delivery process of goods and services.