A Set of Small Databases Where Data Are Collected, Processed

question 76

Multiple Choice

A set of small databases where data are collected, processed, and stored on multiple computers within a network is a:

• A)Centralized database.
• B)Distributed database.
• C)Flat file database.
• D)High-impact process.

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Definitions:

Normal Profit

The lowest amount of profit a business must earn to stay relevant in its market by covering the costs of missed opportunities.

Marginal Cost

The cost increase brought about by the production of an extra unit of a product or service.

Pure Monopolist

A market situation where a single company is the sole producer and seller of a product or service, without any close substitutes.

Nondiscriminating Monopolist

Refers to a monopolist who charges all consumers the same price for its product or service, as opposed to price discrimination practices.