Database Management Systems Collect Information About Customers for Analysis in Order

question 59

True/False

Database management systems collect information about customers for analysis in order to make sound business decisions.

---

Definitions:

Recessionary Gap

A situation where the real GDP is lower than the potential GDP, indicating underutilized resources in an economy.

Real GDP

A measure of the value of all goods and services produced by an economy over a specific time period, adjusted for inflation.

Expansionary Gap

A situation where the output of an economy exceeds its potential output, typically characterized by high demand and inflation.

Passive Approach

A strategy of minimal interference or intervention, often referring to investment strategies or management styles.