Which of the Following Contain Subsets of the Data Contained

question 99

Multiple Choice

Which of the following contain subsets of the data contained in the operational database and data warehouse?

• A) Data marts
• B) Data mining warehouse
• C) OLAP
• D) All of these answers are correct.

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Definitions:

Producer Surplus

The divergence between the anticipated payment by producers for a good or service and the actual financial return they obtain.

Allocative Efficiency

An economic state where resources are distributed in a way that maximizes the net benefit to society, ensuring that every good or service is produced up to the point where the last unit provides a benefit to consumers exactly equal to the cost of producing it.

Consumer Surplus

The disparity between the amount consumers are prepared to spend on a product or service and the amount they end up paying, indicating the advantage to consumers.

Allocative Efficiency

A state of the economy in which the distribution of resources among different uses is optimized, leading to an optimal level of consumer satisfaction.