The Most Basic Business Database Is Comprised Of

question 69

Multiple Choice

The most basic business database is comprised of:

• A)three tables: for customers,suppliers and parts,and sales.
• B)four tables: for customers,suppliers,parts,and sales.
• C)four tables: for customers,employees,suppliers and parts,and sales.
• D)five tables: for customers,employees,suppliers,products,and sales.

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Definitions:

Tariffs and Quotas

Government-imposed regulations where tariffs are taxes on imported goods, and quotas are limits on the amount of a product that can be imported.

Smoot-Hawley Tariff Act

Legislation passed in 1930 that established very high tariffs. Its objective was to reduce imports and stimulate the domestic economy, but it resulted only in retaliatory tariffs by other nations.

Global Trade War

A situation where countries impose tariffs or other trade barriers on each other in response to trade disputes, leading to reduced international trade.

Great Depression

A severe worldwide economic downturn that took place during the 1930s, leading to high unemployment and significant economic distress.