COGNITIVE ASSESSMENT Which of the Following Statements Is NOT True

question 118

Multiple Choice

COGNITIVE ASSESSMENT Which of the following statements is NOT true about the database approach?

• A) The database approach allows nontechnical users to access and maintain data.
• B) Databases require more memory, storage, and processing power than file processing systems.
• C) A disadvantage to the database approach is isolated data.
• D) The database approach increases the data's integrity.

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Definitions:

Marginal Revenue

The additional income derived from the sale of one more unit of a good or service.

Monopsonist Purchase

The buying activities of a market condition where only one buyer exists, affecting prices and quantities of goods.

Profit Maximizing

The process of adjusting production and sale volumes to achieve the highest possible profit, under given market conditions and constraints.

Marginal Value Curve

A graphical representation that shows how the value (or utility) of consuming an additional unit of a good or service changes as consumption increases.