Decision Making That Draws on Billions of Pieces of Aggregated

question 45

Multiple Choice

Decision making that draws on billions of pieces of aggregated information to reveal important trends and patterns is called ________.

• A)intuitive decision making
• B)uninformed decision making
• C)unstructured decision making
• D)data-driven decision making

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Definitions:

Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity of the good that suppliers are willing and able to sell, typically upward sloping.

Quantity Supplied

The total amount of a good or service that producers are willing and able to sell at a given price over a specified period.

Supply

The total amount of a specific good or service that is available to consumers.

Quantity Supplied

The amount of a good or service that producers are willing and able to sell at a particular price over a given period of time.