Examlex
Our past experiences are organized into schemas, abstract knowledge structures that are stored in memory and allow people to organize and interpret information about a given target of perception. Oftentimes, such as in the case of a stereotype, schemas are dysfunctional. Sometimes, however, schemas can be functional. Which of the following is an example of a functional schema?
Big Data
Large and complex data sets that traditional data-processing software are inadequate to deal with, characterized by volume, velocity, and variety.
Luxury Automobile
A high-end vehicle offering exceptional comfort, performance, and technological features, often symbolizing status and wealth.
High-End Fashion
Clothing, accessories, and lifestyle items that are made by leading fashion houses, characterized by exclusivity, luxury materials, and high price points.
Network Effects
The phenomenon whereby a product or service gains additional value as more people use it.
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