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:

Removing Subsidy

The process of eliminating financial support provided by governments to businesses, individuals, or other government departments.

Equilibrium Price

The price point at which the quantity of goods demanded equals the quantity of goods supplied, without any external intervention.

Equilibrium Price

The price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers, leading to market balance.

Price Gouging

Price gouging occurs when a seller increases the prices of goods, services, or commodities to a level much higher than is considered reasonable or fair, often during a demand spike caused by a crisis.