What Are the Primary Differences Between a Data Warehouse and a Data

question 69

Multiple Choice

What are the primary differences between a data warehouse and a data mart?

• A)Data warehouses make quick decisions, data marts make slow decisions
• B)Data warehouses tackle ethical issues, data marts tackle hypothetical issues
• C)Data warehouses have a more organisation-wide focus, data marts have functional focus
• D)Data warehouses have a physical focus, data marts have logical focus

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Definitions:

Market Failure

A situation in which the allocation of goods and services by a free market is not efficient, often leading to a net social welfare loss.

Allocated Efficiently

Refers to the optimal distribution of resources and goods in a way that maximizes the welfare or utility of consumers.

External Costs

Expenses that a business or economic activity imposes on unrelated third parties or the environment, which are not reflected in market prices.

External Benefits

External Benefits are positive effects of a production or consumption activity on third parties who did not directly participate in the economic transaction.