A DBMS and Database Are Synonymous

question 85

True/False

A DBMS and database are synonymous.

Recognize the concept of externalities and their impact on market efficiency.

Identify and contrast different public policies toward externalities.

Calculate the social value of goods considering both external costs and benefits.

Evaluate the role of government incentives in resolving problems of externalities.

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Definitions:

Sales

Sales refer to the transactions where goods or services are exchanged for money, representing the primary source of revenue for most businesses.

Receivables Period

The average time a business spends waiting for its customers to settle their dues.

Credit Sales

Sales for which payment is not received immediately, but the buyer is extended credit to pay at a later date, affecting a company's cash flow and revenue recognition.

COGS

Cost of Goods Sold, which refers to the direct costs attributable to the production of the goods sold by a company.