CH5_Data Sources

CH5_Data Sources

University

10 Qs

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CH5_Data Sources

CH5_Data Sources

Assessment

Quiz

Education

University

Practice Problem

Hard

Created by

Krisztian Szucs

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one key risk of using internal data?

High costs associated with accessing it

Potential biases and limited scope

Lack of security and reliability

Inability to use it for business decisions

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is master data?

All data in the organization

Core business data that rarely changes

Customer transaction data

External market data

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main benefit of using data marketplaces?

Free data access

Access to a wide variety of data sources

Simplified data storage

Reduced security risks

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an example of internal data?

Social media trends

Employee payroll records

Government reports

Competitor pricing data

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of data do companies get from external sources?

Customer transactions

Supplier contracts

Market research reports

Employee performance reviews

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does a data contract define?

Data storage requirements

Rules for data sharing and usage

How AI processes data

The price of data analytics tools

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a common issue with external data?

It is always outdated

It may be expensive and inconsistent

It is more reliable than internal data

It does not require validation

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