What Has Caused the Growth of the Demand for Instant,on-Demand

question 70

Multiple Choice

What has caused the growth of the demand for instant,on-demand access to dispersed information?

• A)the increasing divide between users who focus on the strategic level and those who are more oriented to the tactical level
• B)the need to create a database infrastructure that is always online and contains all the information from the OLTP systems
• C)the more pressing need to close the gap between the operational data and strategic objectives
• D)the fact that BI cannot simply be a technical exercise for the information systems department

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Definitions:

Services

Intangible products provided to consumers, which can include everything from legal advice to entertainment.

Producer Surplus

The difference between what producers are willing to accept for a good or service versus what they actually receive, typically represented by the area above the supply curve and below the market price.

Consumer Surplus

The variance between the amount consumers are inclined to pay for a good or service and what they actually pay.

Wage Rates

The standardized amount of money paid for a specific quantity of labor or output, typically expressed as an amount per hour.