The Term "Database" Has Evolved from a Specialized Technical Term

question 61

Essay

The term "database" has evolved from a specialized technical term into a part of our everyday vocabulary.Please define database, database software, record, field, and relational database.

Understand the significance of the Statute of Frauds in contract enforceability.

Interpret legal issues related to the adequacy of consideration and pre-existing duties.

Understand the concept of asymmetric information and its implications in markets.

Identify and describe the problems of adverse selection and moral hazard.

---

Definitions:

Capital Investment

Funding provided to a business entity to purchase physical assets, like equipment or buildings, or to use in operations to stimulate growth.

Present Value Method

A financial calculation that determines the current worth of a future stream of cash flows, discounted at a specific rate.

Estimated Average

A calculation that aims to determine the central or typical value of a data set or projection.

Average Rate

A calculation representing the central or typical value in a set of rates, or a fixed rate determined as an average from several rates.