Question 5 1 point Because of the principles of the FASB Con

Question 5 (1 point) Because of the principles of the FASB Conceptual Framework, Big Data is not appropriate for accountants. O True O False Save Question 6 (1 point) Storage costs have decreased so rapidly that storing all data is a viable policy True False Save Question 7 (1 point) which of the following steps is present in both the information and Big Data life cycles but with different execution, Needs assessment Storage Sifting Both a and b Save F8 f9 5 6 0

Solution

5) True. It is because the FASB has not issued any guidelines if big data can be used as an asset and incorporated into accounting principles.