Which of the Following Is Not a Disadvantage of Nonhierarchical

question 51

Multiple Choice

Which of the following is not a disadvantage of nonhierarchical clustering procedures?

• A)The number of clusters must be pre-specified.
• B)The selection of cluster centers is arbitrary.
• C)The procedures do not work well when the clusters are poorly defined.
• D)All of the above are disadvantages.

Understand the role of wages in determining labor market equilibrium and unemployment.

Identify the difference between the Bureau of Labor Statistics' household and establishment surveys.

Understand the effects of sectoral shifts on unemployment.

Recognize the effectiveness of public programs in reducing unemployment.

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Definitions:

Finalizing a Sale

The process of completing a transaction wherein the buyer receives the product or service and the seller receives the payment.

Sales Process

A series of steps undertaken by a sales team to convert potential leads into paying customers, typically including stages such as prospecting, presentation, and closing.

Ultimate Consumer

The final buyer who purchases products or services for personal use and not for manufacturing or resale.