Large Corporations Such as Wal-Mart Use Data Mining Techniques to Gain

question 32

True/False

Large corporations such as Wal-Mart use data mining techniques to gain powerful insights into customer buying patterns. Unfortunately, this is too expensive for small businesses.

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Definitions:

Pension Expense

An expense recognized by companies related to the cost of providing pension benefits to employees, calculated according to actuarial estimates and accounting standards.

Expected Return

The predicted average return on an investment over a given period, factoring in the probabilities of all possible outcomes.

Defined Benefit Plans

A type of pension plan where the benefits that an employee will receive on retirement are calculated based on factors such as salary history and length of employment.

Defined Contribution Plan

A type of retirement plan where the amount of the employer's annual contribution is specified, with the final benefits received by the employee depending on the investment's performance.