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    PracticeACCAACCA MA — Management Accounting Practice Exam 2Question 04
    Medium2 marksMultiple Choice
    The nature, source and purpose of management informationBig DataSyllabus A

    ACCA · Question 04 · The nature, source and purpose of management information

    A global logistics firm is implementing a Big Data strategy to optimize its shipping routes.

    Which TWO of the following represent the 'Velocity' and 'Variety' characteristics of Big Data in this specific context?

    Answer options:

    A.

    Storing 50 petabytes of historical shipping records.

    B.

    Real-time GPS tracking data streaming from thousands of trucks.

    C.

    Combining structured financial data with unstructured weather satellite images.

    D.

    Ensuring the data collected from third-party sensors is accurate and reliable.

    How to approach this question

    Match the definitions of the 4 Vs of Big Data: Volume (size), Velocity (speed), Variety (different formats), Veracity (accuracy).

    Full Answer

    Big Data is characterized by the 4 Vs. Velocity is the speed of data generation (real-time GPS). Variety is the diversity of data types (structured numbers vs unstructured images).

    Common mistakes

    Selecting Volume (petabytes) or Veracity (accuracy) by mistake.
    Question 03All questionsQuestion 05

    Practice the full ACCA MA — Management Accounting Practice Exam 2

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