A(n)__________is a System That Performs Tasks Similar to a Database

question 14

Multiple Choice

A(n) __________is a system that performs tasks similar to a database management system (DBMS) .

• A) decision support system
• B) model base management system
• C) electronic meeting system
• D) geographic information system
• E) Select

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Definitions:

Comparative Advantage

The ability of an entity to produce a good or service at a lower opportunity cost compared to other producers.

Production Possibilities Frontier (PPF)

The Production Possibilities Frontier (PPF) is a curve depicting all maximum output possibilities for two goods, given a set of inputs.

Export

The selling of goods or services produced in one country to buyers in other countries.

Comparative Advantage

The principle that a country, individual, or firm can produce a particular good or service at a lower opportunity cost than competitors, leading to advantageous trade.