The Term Big Data Refers to Data Sets That

question 32

Multiple Choice

The term big data refers to data sets that

• A)measure attributes of groups, organizations, or nations rather than attributes of single individuals.
• B)are so large and complex that they require advanced analytics, rather than traditional methods, to reveal insights on a massive scale.
• C)have a major impact on policy making.
• D)are paid for by large corporations.

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Definitions:

Top Management

Refers to the highest level of managers within an organization, responsible for strategic decision-making and overall operational direction.

Responsibility Report

A management tool that reports financial data by responsibility centers within an organization, helping to evaluate the performance of departments or managers.

Controllable Costs

Expenses that a manager or organization has the power to influence or change, often within a specific time frame.

Generally Accepted Accounting Principles

A set of accounting standards and practices that are widely accepted and used in the U.S. for financial reporting and accounting.