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In determining where to store specific data in a(n) centralized DBMS , factors such as communications cost, response time, storage cost, and security are key considerations. _________________________
Agency Relationship
A legal arrangement in which one party, the agent, acts on behalf of another party, the principal, in conducting transactions with third parties.
Bind
To legally obligate oneself or another party to an agreement or contract.
Principal
The main party to a transaction or contract, or the amount of money on which interest is paid or received.
Ratify
The official approval or confirmation of a treaty, contract, or agreement, making it valid and binding.
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