Quick question on Bitwise operations

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I have some questions for homework to do with Bitwise operations, now it's a simple task but it doesn't actually explain how to handle the questions which is why I'm asking here before I begin attempting the lot of them (10 similar questions)

First one:

 0010-1110-0010-1100 or 1110-0000-1110-0001  

Do I have to compare the first set of 4 values on the first one with the second?
So would it be 0010 OR 1110? Which would equal to 1110 for the first set? Or is it done differently? Thanks for replies