The System That Allows Many Applications and Many Fields Using

question 96

Multiple Choice

The system that allows many applications and many fields using relational tables of information is termed a

• A) File management system.
• B) Flat file.
• C) Database management system.
• D) Category system.

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Definitions:

Inflation

The pace at which the full spectrum of goods and services' pricing ascends, weakening the power of acquisition.

Value Of Money

The purchasing power of money, or the amount of goods and services that one unit of money can buy, often influenced by inflation.

Market Outcomes

The results of economic transactions and interactions in a market, including prices and quantities of goods and services traded.

Scarce Resources

Resources that are limited in availability and can run out if not used efficiently, leading to the necessity of making choices on how to allocate them.