Many Business Users in the 1980s Referred to Their Mainframes

question 11

True/False

Many business users in the 1980s referred to their mainframes as "the black hole," because all the information went into it,but little ever came back and ad hoc real-time querying was virtually impossible.

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Definitions:

Adam Smith

An 18th-century Scottish economist and philosopher, best known for his work "The Wealth of Nations," which laid the foundations for classical economics.

The Wealth of Nations

A seminal book by Adam Smith that lays out the basics of classical economics and free-market mechanisms.

Principle of Economics

Fundamental concepts or guidelines that underlie the study of economics, including theories about how markets operate, how people make decisions, and how resources are allocated.

Landscaper

A professional who designs, maintains, and transforms outdoor spaces including gardens, lawns, and other green areas to enhance aesthetic appearance and functionality.