Data Mining Allows Users To

question 58

Multiple Choice

Data mining allows users to:

• A)quickly compare transaction data gathered over many years.
• B)find hidden relationships in data.
• C)obtain online answers to ad-hoc questions in a rapid amount of time.
• D)summarize massive amounts of data into much smaller,traditional reports.
• E)access the vast amounts of data in a data warehouse.

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Definitions:

Transfer Pricing Formula

A method used to determine the price at which goods and services are sold between divisions within the same company.

Variable Cost

Costs that vary in total in direct proportion to changes in the level of activity or volume of output produced.

Divisional Managers

Managers who are responsible for overseeing the operations, profitability, and strategic planning of a specific division within a company.

Transfer Price

The price at which goods and services are traded between departments or subsidiaries within the same company, used for accounting and tax purposes.