Case-Based Critical Thinking Questions Case 4-1

question 87

Multiple Choice

Case-Based Critical Thinking Questions Case 4-1
Sergio and Carmen are planning the Spring Fling event for their college campus. The event will have exhibits, vendors, and entertainment for students. A database has been created to handle registration for all of the student groups, businesses, and other vendors who will be participating in the Spring Fling.  The tables in the database and the fields for each table are illustrated in the figure below.

Sergio would like to create a form for Carmen to use to enter information about the participants.  Which table should Sergio use to create the form?

• A)ParticipantInformation
• B)ParticipantAccount
• C)RequestedResources
• D) Location

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Definitions:

Opportunity Cost

The cost of the next best alternative foregone as a result of making a decision.

Incremental Revenue

Additional income generated from a new sale, project, or strategy, over and above existing revenue streams.

Incremental Costs

Costs that change as a result of a new decision or alternative action, also known as marginal costs.

Incremental Costs

Incremental costs are the additional costs incurred when a business increases its level of operations or production.