Simply Collecting and Storing Huge Amounts of Data Is of Limited

question 1

Multiple Choice

Simply collecting and storing huge amounts of data is of limited value. As stated by one data expert, " data trumps data."

• A) wrong, no
• B) inaccurate, no
• C) big, right
• D) right, big
• E) big, small

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Definitions:

IASB Members

Individuals who are part of the International Accounting Standards Board, responsible for developing and enforcing financial reporting standards globally.

Economic Incentives

Financial or material rewards provided to businesses, individuals, or governments to encourage certain behaviors or actions.