Organizations Can Collect Data from Social Media, Stories on the Local

question 69

Multiple Choice

Organizations can collect data from social media, stories on the local news, global industrial manufacturing data, and government statistics. This satisfies the ____ of Big Data.

• A) Value
• B) Variety
• C) Velocity
• D) Veracity
• E) Volume

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Definitions:

Industry Life Cycle

A concept describing the stages of growth, maturity, and decline that industries experience over time.

Stable Growth

A phase where a company or economy grows at a steady, predictable rate.

Sales

The total revenue a company generates through selling goods or services, also commonly used to denote transactions in financial markets.

Threat of Entry

The risk existing businesses face when new competitors are able to enter the market or industry.