Case-Based Critical Thinking Questions Case 2-1

question 74

Multiple Choice

Case-Based Critical Thinking Questions Case 2-1
Akae plans to develop a database for his small DJ business that will include his music catalog, artists, clients, purchases, equipment, and vendors. Akae has identified that the following information will be included in the database:
∙ artist
∙ song and year
∙ client name
∙ client address
∙ client contact information
∙ vendor
∙ purchases
∙ equipment
∙ equipment inventory and rental
As Akae designs his database, which information group's fields might be added to a table quickly with the Quick Start selection?

• A) client contact information
• B) purchases
• C) song and year
• D) client address

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Definitions:

Demand

The quantity of a good or service that consumers are willing and able to purchase at various prices during a given time period.

Price Elasticity Coefficients

Measures of how much the quantity demanded of a good responds to a change in the price of that good, expressed numerically.

Total Revenue

The overall income generated by a firm or entity from its sales or services before any costs or expenses are subtracted.

Price-elasticity Coefficient

A numerical measurement of the responsiveness of the quantity demanded or supplied of a product to a change in its price.