_____ Is the Term Used to Describe Enormous and Complex

question 74

Multiple Choice

_____ is the term used to describe enormous and complex data collections that traditional data management software, hardware, and analysis processes are incapable of dealing with them.

• A) Data warehouse
• B) Data mart
• C) Big data
• D) Knowledge base

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Definitions:

Maximize Profits

The goal of increasing the difference between revenue and expenses to the highest possible level.

Minimize Losses

a strategy or approach aimed at reducing the amount of financial or production losses to the lowest possible level.

Losses

Negative financial outcomes resulting from the cost of operations exceeding revenue or from other financial transactions.

Shut Down

A short-run decision by a firm to cease production due to unfavorable market conditions, not covering variable costs.