What Is a Data Lake

question 13

Multiple Choice

What is a data lake?

• A) A business that collects personal information about consumers and sells that information to other organizations
• B) A storage repository that holds a vast amount of raw data in its original format until the business needs it
• C) A technique for establishing a match, or balance, between the source data and the target data warehouse
• D) An approach to business governance that values decisions that can be backed up with verifiable data

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Definitions:

Decreasing Costs

Situations in which costs diminish as the level of production or scale of operations increases.

Efficiency

The extent to which time, effort, or cost is well-used for the intended task or purpose.

Total Cost Function

An equation that represents the total cost incurred by a firm in the production of goods or services, as a function of output level.

Inverse Demand

A representation of demand in economics where the price of a good is expressed as a function of the quantity demanded.