Question 1 2 points Save Answer Big data analytics includes technologies. skills & processes to search & analyze massive, complex datasets that traditional data processing apps cannot do True False Question 2 Match the organization with the stage of its life-cycle A a v 0 Firm Awas formed just two weeks ago by a group of 3 friends who had an idea for a product that they A. Elaboration Stage think can be an innovative offering in the healthcare sector. As such, the rm does not yet have an ofce space. The group of 3 friends who are the founders are currently working out of one of their apartments and the rm is very informal in nature with no xed policies or processes in place, Each of them works on whatever needs to be done to make sure the rm survives in the market. Firm B has seen a recent investment in it by an investor who sees great potential in Firm B's product. D. Collectivity Stage The size of Firm B has suddenly increased in the past few days as new emloyees are hired, and new locations are opened to help meet the increasing demand for their product. The rm is starting to establish new departments and resporting hierarchy it is also thinking of advancing a mission statement of its long-term goals. The aim is to successfully manage the sudden spike in demand that it has experienced since the inux of money from th investor. Firm C is a large rm that has been able to establish its product line over the past few years. In this time, it has grown exponentially and is now putting in place formal rules, procedures, and control systems to manage its continued growth. The firm is continuing to expand into new products/services and locations and continues to hire employees to meet large scale demands for its products. Overall, the level of formalization is increasing as top management focuses more on macro-level strategy issues and leaves the day-to-day operations to the middle management employees. The rm 'P' has been in existence for a long period of time and has become extremely large, complex and mature. The top managers are realizing that the rm may have grown too big to be able to be managed successfully. They realize that there is a need to revitalize in order to continue its growth. Managers may even think of splitting the rm into more smaller and more easily manageable divisions. B. Entrepreneurial Stage c, Formalization Stage 4 points Save Answer Question 3 2 points Save Answer Artificial intelligence encompasses techniques used to teach computer systems to learn, reason, perceive, infer, communicate and make decisions similar to or better than humans. True FalseQuestion 4 2 points Save Answer The concept of organizational life cycle suggests thatrms are born, grow older, and eventually decline or die True False Q Moving to another question will save this response. Question 4 of9 Question 5 2 points Save Answer In the formalization stage of an organization's life-cycle, the installation of formal rules, procedures, and control systems occurs as the firm tries to put in place written policies to manage its growing workforce O True O False A Moving to another question will save this response. >Question 6 2 points Save Answer Select the option that correctly describes firms that are 'Data Intermediaries': These are the firms that collect data from multiple organizations/customers and analyze the combined data for them These are firms that do not use big data analysis These are the firms that are in the entrepreneurial stage of organizational life-cycle These are the firms that provide transaction processing systems to other firmsQuestion 7 2 points Save Answer In the 'Balanced' form of Organizational Design for Big Data Analytics Teams in a firm, the firm is able to focus only on the overall big data related needs of the entire organization but is NOT able to focus on the division- specific big data needs of the different divisions/departments in the firm. O True FalseQuestion 8 2 points Save Answ