Which of the Following Statements Regarding Big Data Is FALSE

question 38

Multiple Choice

Which of the following statements regarding big data is FALSE?

• A) Data collection is so massive that it is now measured in gigabytes.
• B) One terabyte equals approximately one trillion bytes.
• C) Walmart's databases contain more than 2.5 petabytes.
• D) Digital data can be collected from web sites, credit cards, point-of-sale records, social media, and operational environments.
• E) Big data requires sophistication in how it is stored, processed, and analyzed.

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Definitions:

Accrued Liabilities

Expenses that have been incurred but not yet paid, recorded on the balance sheet until they are paid.

Indirect Method

A method of reporting cash flows from operating activities by adjusting net income for changes in balance sheet accounts.

Accounts Receivable

Money owed to a company by its customers for goods or services already delivered but not yet paid for.

Inventory

The complete list of items, such as raw materials, work-in-progress, and finished goods, that a company holds, which are often considered as assets.