A ____ Is a Collection of Databases That Contain Current

question 15

Multiple Choice

A ____ is a collection of databases that contain current and archived data used for research and analysis purposes rather than to manage day-to-day business transactions such as inventory control or payroll data.

• A)data mine
• B)data broker
• C)data warehouse
• D)daisy chain

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Definitions:

Equilibrium Price

The price at which the quantity of a good demanded by consumers equals the quantity of the good supplied by producers.

Equilibrium Quantity

The quantity of goods or services at which supply equals demand in a market, leading to a stable price.

Demand Shifts

Changes in the consumer demand for a product or service, often caused by factors like changes in income, preferences, prices of related goods, and population demographics.

Quantity Demanded

The total amount of a good or service that consumers are willing to purchase at a given price level, holding all other factors constant.