Don Gibb Works for a Large Retail Chain

question 138

Multiple Choice

Don Gibb works for a large retail chain.Every month he gets reports on the wages in each store across Canada.He notices that one employee received a 20 percent raise.He calls payroll to find who put this raise into the traditional file system.He is told that there is no way to know who entered that raise in the system.This is an example of ________.

• A)program-data dependence
• B)lack of flexibility
• C)poor security
• D)lack of data sharing and availability

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Definitions:

Monopoly

A market structure characterized by a single seller or producer dominating the entire market, with no close substitutes for the product or service offered.

Understocks

This term describes a situation where the inventory levels are lower than the demand, potentially leading to lost sales and customer dissatisfaction.

Produce Efficiently

The process of producing goods or services in a way that minimizes costs and waste while maximizing output and quality.

Unregulated Monopoly

A market structure where a single supplier dominates without any government intervention or regulatory constraints.