Case-Based Critical Thinking Questions

question 63

Multiple Choice

Case-Based Critical Thinking Questions
Case 12-1
Sheng has been asked to provide data from the Inventory database of a regional auto parts store to the store's regional manager. He has been given specific requirements to narrow the data based on the information the manager needs. Sheng will apply filters to the tables in the Inventory database to provide his manager with the requested information.
-Sheng needs to determine which vendors provide the most options for floor mats that are compatible with the specific car model. To do this, he will apply a filter that is based on multiple selection criteria and that sorts the records that are selected by vendor name alphabetically.  Which type of filter will Sheng apply to the datasheet?

• A)Advanced Filter/Sort
• B)AutoFilter
• C)Filter by Form
• D)Filter by Selection

---

Definitions:

Profit-Maximizing

Profit-Maximizing refers to the point at which a firm achieves the highest possible profit through the manipulation of production or pricing strategies.

MR = MC

A condition in economics where marginal revenue equals marginal cost, often considered the point of profit maximization for firms in perfectly competitive markets.

Short Run

A period in which at least one factor of production is fixed, limiting the ability of firms to adjust to market changes.

Perfectly Competitive Market

A theoretical market structure where many buyers and sellers trade homogeneous products, and no single participant can influence the price.