Explanation
A managed relational database is a type of database that is hosted and maintained by a cloud service provider such as Microsoft Azure or Amazon Web Services. A relational database is a type of database that organizes data into tables that are related to each other by common fields or attributes. A managed relational database would be the best option for allowing multiple users to create and edit reports at the same time because it can handle concurrent user requests, provide high availability and scalability, and perform complex queries and operations on the data. A text file on a shared drive, an informational intranet page, and locally installed productivity software are not options that can allow multiple users to create and edit reports at the same time because they cannot handle concurrent user requests, provide high availability and scalability, or perform complex queries and operations on the data. References: CompTIA IT Fundamentals+ Study Guide: Exam FC0-U61, Second Edition, Chapter 5: Database Fundamentals, page 197.