File-Oriented Approaches Create Problems for Organizations Because of

question 47

Multiple Choice

File-oriented approaches create problems for organizations because of

• A)multiple transaction files.
• B)a lack of sophisticated file maintenance software.
• C)multiple users.
• D)multiple master files.

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Definitions:

Government Intervention

Actions taken by a government to affect the economy, which can include regulations, subsidies, taxes, and direct provision of goods or services.

Rival in Consumption

A good is termed a rival in consumption if its use or consumption by one individual prevents its use or consumption by another individual.

Excludable

A characteristic of a good or service that allows owners to prevent its use by people who have not paid for it.

Private Markets

Markets in which transactions are conducted directly between parties, often involving assets not publicly traded, such as private equity and real estate.