What Is Decision Latency

question 29

Multiple Choice

What is decision latency?

• A) The time duration to make data ready for analysis and loading the data into the database
• B) The time from which data are made available to the time when analysis is complete
• C) The time it takes a human to comprehend the analytic result and determine an appropriate action
• D) None of these

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Definitions:

Google and Facebook

Leading technology companies known for their vast internet influence in search (Google) and social networking (Facebook).

Internet Markets

Markets that operate online, enabling buyers and sellers to transact over the internet, which often leads to reduced costs and wider geographical reach.

Network Effects

The effect that additional users of a good or service have on the value of that product to others, typically increasing the value with more users.

Natural Monopoly

A market structure where a single firm can provide a good or service at a lower cost than any potential competitors, usually due to economies of scale.