Protecting Digital Products Quiz

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What is a digital product?

A product that requires complex manufacturing and distribution processes
A physical product that is sold in stores
A product that is distributed as binary computer data (correct)
A product that is difficult to copy or steal

How do digital products differ from physical products?

Physical products can be easily shared online
Digital products have higher manufacturing and distribution costs
Digital products are easy to copy and steal (correct)
Physical products are intangible

What is one way to protect digital products from unauthorized copying?

Increasing the number of devices allowed for use
Lowering the price of the product
Removing all restrictions on the product
Implementing Digital Rights Management (DRM) systems (correct)

How can data help a company become more efficient?

By analyzing process flows and ordering systems (A) Signup and view all the answers

In what way can data be valuable to a business?

By helping in the development of better products and services (A) Signup and view all the answers

What is the downside of digital products being easy to copy and steal?

'Pay-per-use' is difficult to enforce (C) Signup and view all the answers

What is the purpose of systems to support processing, analyzing, and reporting data?

To facilitate data-driven business decisions (C) Signup and view all the answers

Where can data points be collected from according to the text?

From various sources (A) Signup and view all the answers

What is a common way to store data according to the text?

Relational database (D) Signup and view all the answers

What does data correlation involve?

Finding connections and links between data points (D) Signup and view all the answers

How does the Internet of Things facilitate data collection?

By attaching sensors to components, packages, and appliances (C) Signup and view all the answers

Why is it important to have systems that support processing, analyzing, and reporting functions for data?

To facilitate data-driven business decisions (D) Signup and view all the answers

What is the relationship between better productivity and customer satisfaction?

Better productivity leads to reduced costs and improves customer satisfaction. (D) Signup and view all the answers

In the context of sales and marketing, what can large data sets of consumer information help identify?

Trends and changing demands (C) Signup and view all the answers

What role does analytics play in the process of using data for business decisions?

It helps in transforming raw data into meaningful information. (D) Signup and view all the answers

How are data points different from information in the context of data analysis?

Data points are raw values whereas information is a summarization of those values. (A) Signup and view all the answers

What is the primary purpose of insights derived from data in making business decisions?

To inform meaningful business decisions (A) Signup and view all the answers

Why is it important to normalize data values in the analytics process?

To ensure consistency and comparability between different data points. (A) Signup and view all the answers