Which of the Following Is the Computer-Assisted Process of Sifting

question 177

Multiple Choice

Which of the following is the computer-assisted process of sifting through and analyzing vast amounts of data to extract meaning and discover new knowledge?

• A) data mining
• B) e-commerce
• C) data warehousing
• D) business-to-business systems

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Definitions:

Over-optimism

The tendency to overestimate the likelihood of positive outcomes in the future.

Consumer

An individual or group that purchases goods or services for personal use.

Perceived Budget Line

A graphical representation of all possible combinations of goods that a consumer can purchase with a given budget, based on their perception of available resources.

Equilibrium

A state in which economic forces such as supply and demand are balanced and in the absence of external influences, the values of economic variables will not change.