A Business Manager Has Access to a Large Data Set

question 117

Multiple Choice

A business manager has access to a large data set that includes complex information that would be difficult to process with traditional data management.These data would be referred to as __________,

• A)big data
• B)business data
• C)mega data
• D)business analytics
• E)mined data

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Definitions:

Price Level

An index that measures the average price of goods and services in an economy at a specific time.

Aggregate Supply Curve

A graphical representation that shows the total quantity of goods and services that producers in an economy are willing to produce and sell at different price levels.

Horizontal Segment

In graphical analyses, a part of a line or curve that runs parallel to the horizontal axis, indicating constant value or absence of change.

Classical Range

Pertains to the portion of the aggregate supply curve where output is influenced by changes in price level, assuming full employment and fixed resource prices.