When You Are Beginning to Design a New Database, Sketching

question 60

Short Answer

When you are beginning to design a new database, sketching a(n) ____________________ of the reports and other desired database output can be helpful in identifying the fields that need to be included in the database.

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Definitions:

Efficiency Loss

The loss of economic efficiency that can occur when the balance between supply and demand is not achieved or when market conditions lead to a misallocation of resources.

Marginal Benefit

The additional satisfaction or utility gained by consuming or producing one more unit of a good or service.

Marginal Cost

The increase in cost that results from producing one additional unit of a good or service.

Efficiency Loss

The loss of potential economic welfare when resources are not optimally allocated, leading to outcomes where potential benefits exceed costs.