Data Mining Is a Tool for Allowing Users to

question 21

Multiple Choice

Data mining is a tool for allowing 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.

Examine the effects of acreage allotments on crop prices.

Evaluate the impact of government interventions in agriculture on market surplus and demand.

Understand the economic impact of agriculture policy on production and consumption.

Analyze the effects of agricultural subsidies and price supports on farmers and taxpayers.

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Definitions:

Sales Tax

A tax imposed by a government on the sale of goods and services, typically a percentage of the retail price paid by the consumer.

Multiple-Step Income Statement

A multiple-step income statement is a detailed financial report that separates operating revenues and expenses from non-operating ones to calculate net income in several steps or segments.

Other Revenue

Revenue from sources other than the primary operating activity of a business.

FOB Shipping Point

A term used in shipping indicating that the buyer assumes responsibility for the goods and their transportation costs as soon as the goods leave the seller's location.