For GeniousAlert1234. Write a 3-5 pages paper answering the following questions. It is to be structured as a point/counterpoint argument, in the following manner: take a definite stand on the issues and develop your supporting argument carefully. Using material from the Background information and any other sources you can find to support specific points in your argument is highly recommended.1.ÿÿÿ What business problems are created by not having these data in a single standard format?2.ÿÿÿ How easy would it be to create a database with a single standard format that could store the data from both systems? Identify the problems that would have to be addressed.3.ÿÿÿ Should the problems be solved by database specialists or general business managers? Explain.4.ÿÿÿ Who should have the authority to finalize a single company-wide format for this information in the database?