Database Administration Is a Planning and Analysis Function That Is

question 21

True/False

Database administration is a planning and analysis function that is responsible for setting data policy and standards, for promoting the company's data as a competitive resource, for accounting for the use of data, and for providing liaison support to systems analysts during application development.

---

Definitions:

Perfect Competition

A market structure characterized by a complete lack of friction or impediments to the entry of new firms, where all sellers and buyers have access to the same information and no individual entity can influence the market price.

Market Price

The present cost at which a service or asset is available for purchase or sale.

Perfect Competitor

A theoretical market structure where many buyers and sellers exchange identical products, and no single entity can influence the market price.

Long Run

A period in economics during which all factors of production and costs are variable, allowing for the full adjustment to changes.