The Collective Term for Any Individual or Group with an Interest

question 31

Multiple Choice

The collective term for any individual or group with an interest in the success of an entity is:

• A)stakeholder.
• B)shareholder.
• C)creditor.
• D)employee.

Recognize the importance and application of range checks in database fields.

Understand data redundancy, its implications, and how it differs from data normalization.

Distinguish between various relationship types in databases and their practical implications.

Understand the organizational structure of databases, including key concepts like fields, records, and tables.

---

Definitions:

Business Strategy

A plan of action employed by businesses to achieve competitive advantage and meet their goals.

Implementing Strategy

The actions, steps, and practices involved in carrying out strategies to achieve organizational goals.

Corporate Strategy

The overall plan or direction that a company adopts in order to achieve its long-term goals and objectives.

Competitive Strategy

A plan to achieve a competitive advantage in the market, often by distinguishing one's products or services from those of competitors.