What Is Big Data

question 86

Multiple Choice

What is big data?

• A)A document containing data organized in a table, matrix, or graphical format allowing users to easily comprehend and understand information.
• B)A collection of large complex data sets, including structured and unstructured, which cannot be analyzed using traditional database methods and tools.
• C)A view of data at a particular moment in time.
• D)A world where interconnected, Internet-enabled devices or "things" can collect and share data without human intervention.

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Definitions:

Machine-Hours

A measure of the amount of time machines are operated in the manufacturing process, used as a basis for allocating costs.

Predetermined Overhead Rate

A rate calculated before a period begins, used to allocate manufacturing overhead costs to products based on a selected activity base such as labor hours or machine hours.

Direct Labor-Hours

The total hours of labor directly involved in manufacturing a product, used in calculating labor costs and efficiency in production.

Job-Order Costing

A system that assigns manufacturing costs to each product, providing a way to calculate the cost per item or job specifically.