Business Intelligence Tools Allow You to

question 100

Multiple Choice

Business intelligence tools allow you to

• A)View the same data in different ways
• B)Examine past history
• C)Transform data into information
• D)Extract data from a database

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Definitions:

Market Failure

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

Marginal Benefit

The increased happiness or advantage derived from the consumption of one more unit of a good or service.

Marginal Cost

The cost of producing one more unit of a good or service, often key to determining the optimal level of production.

Competitive Market

A market structure characterized by a large number of buyers and sellers, free entry and exit, and products that are similar enough to be considered substitutes.