According to a McKinsey Global Institute Report, in 2010 Alone

question 32

Multiple Choice

According to a McKinsey Global Institute Report, in 2010 alone, global enterprises stored more than:

• A) 1 terabyte of data.
• B) 3 gigabytes of data.
• C) at least 100 petabytes of data.
• D) more than 7 billion exabytes of data.

---

Definitions:

Depreciation

The systematic allocation of the cost of a tangible asset over its useful life, reflecting the decrease in value over time due to use and wear.

Long-Lived Asset

Assets with a useful life extending beyond one year, typically including property, plant, and equipment, and used in the operation of a business.

Productive Life

The expected period during which an asset is able to provide economic benefits or contribute to revenue generation.

Ordinary Repairs

Ordinary repairs are routine maintenance expenses undertaken to maintain the efficiency and operating condition of an asset but do not significantly extend its life.