Big Data Efforts Have the Potential to Allow Firms to Better

question 161

True/False

Big Data efforts have the potential to allow firms to better customize their product and service offerings to customers but are less efficient at using the resources of the company. Kaiser Permanente is an example of how big data does not lead to cost-conscious treatment patterns.

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Definitions:

Fringe Benefits

Additional benefits supplementing an employee's salary, such as health insurance, paid vacations, and retirement plans, which are not part of the direct wages.

Exploited Labour Market

A labor market segment characterized by unfair wages and working conditions, where workers are made to work for less than their labor is worth due to unequal power dynamics.

Critical Race Theory

An academic and legal framework that examines society and culture as they relate to categorizations of race, law, and power.

Legal Rulings

Decisions or judgments made by a court or legal authority that resolve a dispute and set a legal precedent.