Data Mining Allows Organizations To

question 5

Multiple Choice

Data mining allows organizations to:

• A) analyze vast amounts of data to identify useful information that had been hidden.
• B) guide managers while using data accurately through the decision-making process.
• C) encourage collaboration among employees and business partners through data transfer.
• D) access an array of computing resources without investing in expensive new hardware.

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Definitions:

Legislation

A set of laws and regulations enacted by governmental bodies.

Marginal Products

The addition to total output due to the employment of one more unit of a specific factor of production, keeping all other factors constant.

Wage Rates

The fixed amount of compensation or payment given to employees for their services, typically expressed per hour or per unit of work.

Income Effect

The change in an individual's or economy's purchasing power due to a change in real income.