These Are Collections of Data Designed to Support Management Decision

question 49

Multiple Choice

These are collections of data designed to support management decision making, and sometimes serve as repositories of organizational knowledge.

• A) Data-marts
• B) Data containers
• C) Data warehouses
• D) Data storage centers
• E) RAID

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Definitions:

Demand Curves

Graphs showing the relationship between the price of a good and the quantity of that good that consumers are willing to buy at different prices.

Short-Run Profits

Profits earned by a firm during a period when at least one factor of production is fixed, focusing on immediate or near-term financial gain.

Profit-Maximizing Output

The quantity of goods or services that a firm should produce and sell to achieve the highest possible profit.

Demand Data

Information related to the quantity of a good or service consumers are willing and able to purchase at various prices.