In the Past,the Data Processing Function Was Organized Around a Single

question 15

Multiple Choice

In the past,the data processing function was organized around a single computer.Today,it is much more common to find many computers linked by networks.This approach to data processing is called:

• A)decentralized computing
• B)client computing
• C)distributed computing
• D)connected computing

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Definitions:

Market Power

The ability of a firm or group of firms to influence or control the terms and conditions of the market in which they operate.

Differentiated Product

A product that has distinct characteristics from its competitors, making it unique in the market.

Downward-Sloping Demand

A market condition where the quantity demanded of a good decreases as its price increases, adhering to the law of demand.

Barriers To Entry

Barriers to entry are obstacles that make it difficult for new competitors to enter an industry, protecting existing firms from competition and maintaining market power.