Today, Most Organizations Use the Database Approach to Data Management

question 14

True/False

Today, most organizations use the database approach to data management, where multiple information systems share a pool of related data.

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Definitions:

Additional Unit

The next unit of product or service that could be produced or acquired.

Decreasing-Cost Industry

An industry in which costs per unit of output decrease as the scale of production increases, often due to factors like improved technologies or economies of scale.

Economic Adjustments

Shifts in economic policies or market conditions that lead to changes in allocation of resources, production, and pricing.

Long-Run Equilibrium

A state in which all factors of production and costs are variable, and firms make no economic profit or loss over time.