Thomas Has Been Working for the Past Six Months at TUV

question 108

Multiple Choice

Thomas has been working for the past six months at TUV Technologies, and during that time he has compiled an impressively long list of names, addresses, phone numbers, and products purchased by customers. How should he store this information in order to access and search through it quickly and efficiently?

• A) in a database
• B) in an expert system
• C) in an information browser
• D) in an operating system

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Definitions:

Transaction Costs

Expenses incurred when buying or selling goods or services, including fees, charges, and other costs associated with the transfer of assets.

Exchange

The act of giving one thing and receiving another, especially of the same type or value, in return.

Disequilibrium

The condition that exists in a market when the plans of buyers do not match those of sellers; a temporary mismatch between quantity supplied and quantity demanded as the market seeks equilibrium

Government Intervention

Actions taken by a government to influence or regulate various activities in its economy, which can include fiscal policy, monetary policy, tariffs, and regulation.