The Development of What Technology Allows for Collecting and Transmitting

question 44

Multiple Choice

The development of what technology allows for collecting and transmitting big data as well as allowing local processing to detect and solve problems on the spot?

• A) Internet of Things
• B) RFID
• C) Edge computing
• D) GPS
• E) Cloud computing

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Definitions:

Demand Function

A mathematical relationship that illustrates the quantity of a product or service consumers are willing to buy at various prices.

Income

The compensation received, often periodically, as a result of one’s employment or investment decisions.

Price of X

The amount of money required to purchase a unit of good X in the market.

Utility Function

A mathematical model in economics that represents how different goods or outcomes give varying levels of satisfaction or happiness to an individual.