The Data Dictionary Usually Records and Describes a Default Value

question 38

Multiple Choice

The data dictionary usually records and describes a default value, which is the ____.

• A)specification of the set of values permitted for the data element
• B)identification of the user(s) responsible for changing values for the data element
• C)specification for the origination point for the data element's value
• D)value for the data element if a value otherwise is not entered for it

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Definitions:

Maximum Profit

The highest possible financial gain that a firm can achieve from its operations.

Deadweight Loss

The decrease in economic performance that happens when a good or service fails to meet or cannot attain its optimal distribution point.

Marginal Cost

The cost of producing one additional unit of a good or service, considering all variable resources used in production.

Monopolistic Competition

A type of imperfect competition such that many producers sell products that are differentiated from one another (e.g., by branding or quality) and hence are not perfect substitutes.