The Term Big Data Refers to the ________

question 132

Multiple Choice

The term Big Data refers to the ________.

• A) use of data warehouses to store structured and unstructured data
• B) exponential growth of structured and unstructured data that are difficult to process using traditional database techniques
• C) increasing number of everyday objects that are connected to the Internet and can communicate information about their use
• D) extraction and analysis of large amounts of data from websites
• E) collection and analysis of unstructured data by data scientists

Recognize the applicability and limitations of overhead allocation methods in both manufacturing and service companies.

Understand the fundamentals of activity-based costing and how activity rates are computed.

Recognize the use of ABC information in identifying cost improvement opportunities.

Grasp the method of calculating estimated total factory overhead cost for a product using ABC.

---

Definitions:

GDP Deflator

A measure of the level of prices of all new, domestically produced, final goods and services in an economy in a year, used to deflate nominal GDP to real GDP.

Real GDP

Gross Domestic Product adjusted for inflation, providing a more accurate representation of an economy's size and growth over time.

Percentage Change

A mathematical calculation to determine the degree of change over time, expressed as a percentage.

Imports

Goods or services brought into one country from another, contributing to the supply in the domestic market and affecting the nation's trade balance.