Database Design Choices Can Affect an Organization Decades After They

question 75

True/False

Database design choices can affect an organization decades after they are made even when hardware and software is replaced; the Y2K problem was a perfect illustration of this.

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Definitions:

Supply Curve

A visual chart that illustrates how the quantity of a product or service provided correlates with its price over a specific time frame.

Quantity Demanded

The aggregate quantity of a product or service that buyers are ready and capable of buying at a certain price during a defined time frame.

Demand

The willingness and financial capacity of individuals to buy goods and services at certain price levels.

Equilibrium Price

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