Data Warehousing and Data Mining Techniques Have Been Used in Health

question 62

True/False

Data warehousing and data mining techniques have been used in health care for some time, and they are now being adopted by the commercial industry.

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Definitions:

Supplies Expense

Costs associated with the consumable items that are used in the daily operations of a business and not intended for resale.

Adjusting Entry

A journal entry made at the end of an accounting period to allocate income and expenditure to the appropriate period for a more accurate financial report.

Deferred Revenue

Money received for goods or services which have not yet been delivered or rendered, considered a liability until the service or good is provided.

Adjusting Entry

A journal entry made at the end of an accounting period to allocate income and expenditure to the appropriate period.