Database Management Is an Important Skill for Hospitality and Tourism

question 59

True/False

Database management is an important skill for Hospitality and Tourism Management since most hospitality applications are based on databases.

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Definitions:

R&D Activity

Research and Development activities involve investigative projects to discover new knowledge and use it to develop new products, processes, or services.

Interest-Rate Cost of Funds

The cost incurred by financial institutions for the funds they use in their operations, influenced by prevailing market interest rates.

Interest-Rate Cost-of-Funds Curve

A graphical representation that shows the relationship between the cost of funds for a financial institution and the interest rate over a period of time.

Expected-Rate-of-Return Curve

A graphical representation showing the range of possible returns on an investment, based on various scenarios or assumptions.