Designing and Implementing a Global Database Is a Technical Challenge,mainly

question 11

Multiple Choice

Designing and implementing a global database is a technical challenge,mainly because of the:

• A) variations in business needs and size of an organization.
• B) different character sets used for names of people and places.
• C) lack of control and coordination in a global information system (GIS).
• D) need to transfer data across cultural and geographic boundaries.

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Definitions:

Price Effect

The change in the quantity demanded of a good or service caused by a change in its price.

Deadweight Loss

The loss of economic efficiency that occurs when the equitable market outcome is not achieved, often due to taxes, subsidies, or artificially imposed prices like price ceilings or floors.

Perfect Competition

A market structure characterized by a large number of small firms, a homogeneous product, free entry and exit, and perfect information that leads to firms being price takers.

Short-Run Supply Curve

A graphical representation showing the quantity of goods a firm is willing and able to supply at different prices in a given short-term period, holding some factors constant.