A Data _____  Is the Structure and Organization of Data

question 27

Multiple Choice

A data _____  is the structure and organization of data, which involves fields, records, and files.

• A)mine
• B)mart
• C)warehouse
• D)hierarchy

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Definitions:

Monopsony

A market structure in which there is only a single buyer of a good, service, or resource.

Labor Supply Curve

A graphical representation showing the relationship between the wage rate and the quantity of labor that workers are willing to supply.

Monopsonist

A market condition where there is only one buyer for a product or service, giving the buyer significant power over prices and terms.

Marginal Wage Cost

The additional cost incurred by hiring one more unit of labor, reflecting the change in total wages from employing an additional worker.