Which of the Following Best Exemplifies Big Data

question 31

Multiple Choice

Which of the following best exemplifies big data?

• A)Five hundred Facebook users upload one thousand pictures per day.
• B)Cellphone owners around the world generate vast amounts of data by calling, texting, tweeting, and browsing the Web on a daily basis.
• C)A local grocery store collects data from those that scan their loyalty card.
• D)A pharmacy keeps track of customer purchases to send their customers coupons.

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Definitions:

Fixed Manufacturing Overhead

Costs that remain constant in total regardless of the level of production, such as salaries and rent for factory buildings.

Predetermined Overhead Rate

A rate used to apply manufacturing overhead to products or services, calculated before the accounting period begins based on estimated costs.

Fixed Manufacturing Overhead

Costs that do not vary with the level of production or sales, including expenses like rent, salaries, and utilities.

Absorption Costing

An accounting approach that includes all manufacturing costs (both variable and fixed) in the cost of a product, used for external reporting.