Which of the Following Best Describes the Importance of Creating

question 49

Multiple Choice

Which of the following best describes the importance of creating an accurate data model for your business's database?

• A)It is not essential, as the data model itself is modified by the database continuously.
• B)Critical, as without one, your data may be inaccurate, incomplete, or difficult to retrieve
• C)Essential, as table relationships cannot be created without an accurate data model
• D)Somewhat important, as the type of data model will define what kinds of data will be stored

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Definitions:

Controlling Inventory Levels

A strategy used in operations management that aims at maintaining optimal levels of inventory to meet demand while minimizing carrying costs and stockouts.

Variable Costing

An accounting method that only allocates variable costs to inventory, treating fixed costs as period expenses.

Contribution Margin

The amount by which the selling price of an item exceeds its variable costs, contributing towards covering fixed costs and generating profit.

Sales Personnel

Individuals in an organization responsible for selling products or services to customers, often including roles such as sales representatives, sales managers, and sales directors.