Other Economics Answers

In teams, each cell has a unique cell reference (address) based on the specific column and row in which it can be found.

a.

False.

b.

True.

Excel has a number of embedded calculation such as: PMT, FV, SUM etc. which can be accessed by clicking on the fx icon (located just before the formula bar).

a.

True.

b.

False

Big data is described as data sets so large and varied that they are beyond the capability of traditional data processing…

a.

True.

b.

False.

Organisation that had adopted Big Data analytics have gained a significant market advantage…

a.

False.

b.

True.

Big data is described as information sets so large and varied that they are beyond the capability of traditional data processing…

a.

False.

b.

True.

One of the difficulties with Big Data is the ability to convert it to useful knowledge…

a.

True.

b.

False.

ata is likely to change on a regular basis and needs to be continually updated.

a.

True.

b.

False.

There is a risk that valuable time and money will be spent measuring relationships and information that has no value for the organisation…

a.

False.

b.

True

Businesses are experiencing a rapid growth in the volume of information…

a.

True.

b.

False.

Big Data can involve other can involve organisational data (both internal and external), which is often unstructured…

a.

True.

b.

False.