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Welcome to the Economics of Big Data MCQs Page

Dive deep into the fascinating world of Economics of Big Data with our comprehensive set of Multiple-Choice Questions (MCQs). This page is dedicated to exploring the fundamental concepts and intricacies of Economics of Big Data, a crucial aspect of Big Data Computing. In this section, you will encounter a diverse range of MCQs that cover various aspects of Economics of Big Data, from the basic principles to advanced topics. Each question is thoughtfully crafted to challenge your knowledge and deepen your understanding of this critical subcategory within Big Data Computing.

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Check out the MCQs below to embark on an enriching journey through Economics of Big Data. Test your knowledge, expand your horizons, and solidify your grasp on this vital area of Big Data Computing.

Note: Each MCQ comes with multiple answer choices. Select the most appropriate option and test your understanding of Economics of Big Data. You can click on an option to test your knowledge before viewing the solution for a MCQ. Happy learning!

Economics of Big Data MCQs | Page 6 of 6

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Q51.
What is one of the crucial success factors in the broad adaptation of Linked Data for Big Data analytics?

a.

Collecting more data

b.

Complex interface design

c.

Improving interface design for semantic data services

d.

Keeping technology inaccessible to laypersons

Discuss
Answer: (c).Improving interface design for semantic data services Explanation:One of the crucial success factors in the broad adaptation of Linked Data for Big Data analytics is improving interface design for semantic data services.
Q52.
Why is it important for technology to be accessible, documented, and transparent for personal scrutiny in the context of content consumption?

a.

To increase data privacy

b.

To encourage technology laypersons to become experts

c.

To avoid reactance and ensure informational autonomy

d.

To reduce the need for search and recommendation engines

Discuss
Answer: (c).To avoid reactance and ensure informational autonomy Explanation:It is important for technology to be accessible, documented, and transparent for personal scrutiny in the context of content consumption to avoid reactance and ensure informational autonomy.
Q53.
What is one of the nontechnological modes of cultural change associated with Big Data?

a.

Ownership of digital products

b.

Licensing of intellectual property rights

c.

Changing notions of ownership in digital products

d.

Development of alternative legal instruments

Discuss
Answer: (c).Changing notions of ownership in digital products Explanation:One of the nontechnological modes of cultural change associated with Big Data is the changing notion of ownership in digital products.
Q54.
What does the Unfair Practices Act protect rights holders against?

a.

Unauthorized use of their intellectual property

b.

Trade practices that are considered unfair, such as misappropriation and damages to reputation

c.

Data breaches and security threats

d.

Patent infringement

Discuss
Answer: (b).Trade practices that are considered unfair, such as misappropriation and damages to reputation Explanation:The Unfair Practices Act protects rights holders against certain trade practices that are considered unfair, such as misappropriation, advertising, sales pricing, or damages to reputation.
Q55.
Which intellectual property right directly impacts the protection of semantic metadata?

a.

Copyright

b.

Database Right

c.

Unfair Practices Act

d.

Patenting

Discuss
Answer: (d).Patenting Explanation:Patenting directly impacts the protection of semantic metadata when it becomes indispensable subject to a methodology that generates physical effects, has a sufficient level of inventiveness, and can be exploited commercially,
Q56.
What is the problem associated with traditional IPR approaches?

a.

Over-protection, stifling economic and cultural development

b.

Inadequate protection of intellectual property

c.

Lack of legal frameworks for licensing

d.

Insufficient rights management

Discuss
Answer: (a).Over-protection, stifling economic and cultural development Explanation:The problem associated with traditional IPR approaches is "over-protection," which stifles economic and cultural development.
Q57.
What opportunities do commons-based licensing approaches offer to content publishers in the context of Linked Data?

a.

Opportunities to restrict the use of their data

b.

Opportunities to protect their data from any form of reuse

c.

Opportunities to easily share and reuse data for collaborative purposes

d.

Opportunities to establish exclusive data syndication services

Discuss
Answer: (c).Opportunities to easily share and reuse data for collaborative purposes Explanation:Commons-based licensing approaches in the context of Linked Data offer opportunities to easily share and reuse data for collaborative purposes.
Q58.
What is one of the benefits of commons-based licensing approaches such as Creative Commons or Open Data Commons?

a.

They allow unlimited commercial reuse of data.

b.

They provide complete protection against unfair usage practices.

c.

They enable data providers to restrict all forms of data reuse.

d.

They offer a legal framework for reusability while protecting against unfair usage practices and rights infringements.

Discuss
Answer: (d).They offer a legal framework for reusability while protecting against unfair usage practices and rights infringements. Explanation:One of the benefits of commons-based licensing approaches such as Creative Commons or Open Data Commons is that they offer a legal framework for reusability while protecting against unfair usage practices and rights infringements.
Q59.
Why should a Linked Data licensing strategy make a deliberate distinction between the database and the content stored in it?

a.

To prevent any form of data reuse

b.

To protect the database against unauthorized access

c.

To ensure that database elements are protected by a CC-License

d.

Because content and databases have different protection requirements in intellectual property law

Discuss
Answer: (d).Because content and databases have different protection requirements in intellectual property law Explanation:A Linked Data licensing strategy should make a deliberate distinction between the database and the content stored in it because content and databases have different protection requirements in intellectual property law.
Q60.
How can the defined framework of commons-based licensing and traditional IPR instruments be used in the context of open data sets?

a.

To restrict data access to a select group of users

b.

To prevent any form of data sharing

c.

As the basis for new business models and revenue streams

d.

To enforce strict data protection regulations

Discuss
Answer: (c).As the basis for new business models and revenue streams Explanation:The defined framework of commons-based licensing and traditional IPR instruments can be used as the basis for new business models and revenue streams in the context of open data sets.
Page 6 of 6

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