Why Might You Want to Allow Extra Time for Setting

question 44

Multiple Choice

Why might you want to allow extra time for setting up the database in an anomaly-based system?

• A) the installation procedure is usually complex and time consuming
• B) to add your own custom rule base
• C) it requires special hardware that must be custom built
• D) to allow a baseline of data to be compiled

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Definitions:

Derived Demand

Demand for a factor of production or intermediate good that occurs as a result of the demand for another related final good or service.

MRP = MRC Rule

The principle that to maximize profit (or minimize losses), a firm should employ the quantity of a resource at which its marginal revenue product (MRP) is equal to its marginal resource cost (MRC), the latter being the wage rate in a purely competitive labor market.

Marginal Productivity

The additional output generated by employing one more unit of a specific factor of production while holding other factors constant.

Professional Soccer Players

Athletes who are paid to play soccer as their main occupation, often participating in national and international leagues.