Many Business Users in the 1980s Referred to Their Mainframes

question 11

True/False

Many business users in the 1980s referred to their mainframes as "the black hole," because all the information went into it,but little ever came back and ad hoc real-time querying was virtually impossible.

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Definitions:

Rate Increases

An upward adjustment in prices, charges, or interest rates, typically within a business or economic context.

Process Costing

A costing method used in manufacturing where costs are assigned to a product based on the process it goes through in the production cycle.

Variable Cost

Costs that vary directly with the level of production or service, such as materials and labor used in production.

Fixed Costs

Expenses that do not change with the level of goods or services produced over the short term, such as rent, salaries, and insurance.