Today, Few Organizations Use the Database Approach to Data Management

question 60

True/False

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

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Definitions:

Top Management

The highest tier of executives and decision-makers in an organization, responsible for overall strategy and policies.

Cost Price Approach

An approach to transfer pricing that uses cost as the basis for setting the transfer price.

Transfer Price

The price charged one decentralized unit by another for the goods or services provided.

Transfer Pricing

The pricing of goods, services, and intangibles between related legal entities within an enterprise to optimize tax liabilities and profit allocation.