The Process of Searching Through Many Records in One or More

question 23

Multiple Choice

The process of searching through many records in one or more databases looking for patterns or relationships is called

• A) credit reporting.
• B) data mining.
• C) information gathering.
• D) microtargeting.
• E) pattern matching.

Describe strategies for achieving operational flexibility.

Understand the role and composition of repetitive manufacturing.

Grasp the definition and significance of process reengineering.

Recognize the contribution of automated work cells and centralized computer facilities in modern manufacturing.

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Definitions:

Central Authority

A governing body or organization that holds the primary power and control over a specified collective or region, often tasked with decision-making and regulation duties.

Production Frontier

Also known as the production possibility frontier, it illustrates the maximum possible output combinations of two goods or services a business can achieve with its current resources and technology.

Market System

A system where economic decisions and the pricing of goods and services are guided purely by the interactions of a country's individual citizens and businesses.

Centrally Planned System

An economic system in which decisions about production and distribution are made by a centralized authority rather than by market forces.