Which of the Following Actions Is a Typical First Step

question 39

Multiple Choice

Which of the following actions is a typical first step that an organization might take towards managing big data?

• A)developing data warehouses for decision making.
• B)integrating information silos into a database environment.
• C)translating databases to NoSQL.
• D)purchasing knowledge management systems

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Definitions:

Monopsony Outcome

A market condition where there is only one buyer for many sellers, leading to lower prices and wages due to the buyer's market power.

Market Supply

The total quantity of a good or service that is available for purchase at a given price in a market.

Deadweight Loss

The decrease in economic effectiveness happening when a good or service does not reach or cannot reach its equilibrium state.

Monopsony Power

The market power held by a single buyer in a market, allowing them to influence prices and terms of trade.