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:

Bargain Purchase Option

An option in a lease that allows the lessee to purchase the leased asset at the end of the lease term at a price significantly lower than its estimated fair market value.

Capital Lease

A lease agreement that transfers substantially all the risks and benefits of ownership to the lessee, effectively treated as a purchase by the lessee.

Unguaranteed Residual Value

The estimated future value of an asset at the end of its lease term that is not guaranteed by the lessee or a third party.

Lease Obligation

A financial commitment to make future payments under a lease agreement.