The Purpose of a Data Warehouse Is to ________

question 25

Multiple Choice

The purpose of a data warehouse is to ________.

• A) standardize the format of data retrieved from different systems
• B) allow managers to run queries and reports themselves without having to know query languages or the structure of the underlying data
• C) provide capabilities for discovering hidden predictive relationships in the data
• D) put key business information into the hands of more decision makers
• E) increase the complexity of the data to be analyzed

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Definitions:

Perfectly Competitive

A market structure characterized by a large number of small firms, a homogeneous product, and free entry and exit, leading to price taking behavior.

Marginal Revenue

The increase in revenue that results from selling one more unit of a product.

Profit-Maximizing Output

The level of production at which a firm achieves the highest possible profit, calculated by equating marginal revenue and marginal cost.

Market Price

The amount for which something can be sold on a given market at a particular time, restated for clarity.