The Australian Competition and Consumer Commission (ACCC) Seeks To

question 54

Multiple Choice

The Australian Competition and Consumer Commission (ACCC) seeks to:

• A)Promote international free trade agreements and multinational corporations, and build monopolies in Australia.
• B)Administer the Competition and Consumer Act (CCA) and Australian Consumer Law (ACL) and promote competition and fair play in the marketplace.
• C)Administer Commonwealth, State and Territory consumer protection laws and promote competition and fair play in the workplace.
• D)Advocate for consumer rights groups and promote free market economics.

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Definitions:

Unstructured Data

Data that does not follow a specified format or structure, making it difficult to collect, process, and analyze using conventional methods.

Relational Database

A database structured to recognize relations among stored items of information according to a relational model of data.

Big Data

Large and complex data sets that are difficult to process using traditional data processing applications, often requiring advanced analytics and storage solutions.

Traditional DBMS

Database management systems that support a model, typically the relational model, which uses a structured query language (SQL) for defining and manipulating data.