An Effective Database and Its Management Can Support Many Managerial

question 48

True/False

An effective database and its management can support many managerial activities; however,the real power of a DSS occurs when data are integrated with its models.

---

Definitions:

Fiscal Policy

Fiscal Policy involves government spending and taxation decisions intended to influence economic activity, targeting issues like unemployment and inflation.

Economic Stabilization

Economic stabilization refers to government or central bank policies aimed at maintaining steady economic growth, minimizing unemployment, and stabilizing prices to prevent excessive inflation or deflation.

Lags

Delays between the time a policy is enacted and the time when its effects are felt in the economy.

Stagflation

An economic condition characterized by slow growth, high unemployment, and rising prices, presenting a challenge for policymakers as traditional economic tools may not effectively address the simultaneous issues.