Legacy Systems Are

question 22

Multiple Choice

Legacy systems are

• A)old manual systems that are still in place
• B)flat file mainframe systems developed before client-server computing became standard
• C)stable database systems after debugging
• D)advanced systems without a data warehouse

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Definitions:

Changes In Prices

Variations in the cost of goods and services over time due to factors like inflation, supply and demand, or economic policies.

Market System

A financial structure where choices about investment, production, and allocation are determined by market forces of supply and demand.

Market System

The economy operates under a system where investment decisions, production processes, and distribution plans are shaped by the principles of supply and demand, and the open market is where prices for goods and services are freely established.

Allocation Of Resources

The process of assigning available resources, or inputs, to specific uses chosen among many possible and competing alternatives in order to achieve goals.