Answered: Explain what the transaction was (i.e.…

Database System Concepts

7th Edition

ISBN:9780078022159

Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan

Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan

Chapter1: Introduction

Section: Chapter Questions

Problem 1PE

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Explain what the transaction was (i.e. the good/service in question, were you buying or selling, etc.), and then write about the role that information played in your decision to participate in that transaction.

Please be sure to discuss the following:(1) what information played a role in your decision to engage in the transaction? (information on product quality, market prices, etc.);(2) how did you acquire that information? (experience, community, or did you search for information, etc.);(3) what technologies did you use to gather that information? (computers, phones, community discussion boards, newspapers, etc.); (4) do you feel there was any information you would have liked to have known but didn't?; and (5) do you think the other party in the transaction knew that information when you didn't?

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