Abby Burke Has Created Custom Statues Made Out of Scrap

question 54

Multiple Choice

Abby Burke has created custom statues made out of scrap metal for over ten years.Abby has kept detailed records of every statue she has ever created.For every sale,she obtains the customer's name and address,a description of the statue,and a picture of the statue sold to the customer.Her unique style has recently attracted the attention of several celebrities.Ready to take her business to the next level,Abby has hired you to construct an accounting information system,which she wants modeled after her paper records.You begin development of the relational database that will form the core of the AIS by envisioning the record stored in a single table with a column that represents each attribute.You then begin to break this table down into smaller tables.This process is called

• A)integration.
• B)optimization.
• C)minimization.
• D)normalization.

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Definitions:

Economies Of Scale

The cost advantages obtained due to the increased level of production, which causes the average cost per unit to fall.

Output Q₂

A specific quantity of goods produced during a given period, indicated as "Q₂" to signify a particular point or interval in production.

Monopoly

A market structure characterized by a single seller who has exclusive control over the supply of a particular good or service, limiting competition.

Multinational Corporations

Companies that operate in multiple countries, beyond their home country, engaging in international business activities.