The Subject of Data Mining Deals with

question 67

Multiple Choice

The subject of data mining deals with

• A) methods for developing useful decision-making information from large data bases.
• B) keeping data secure so that unauthorized individuals cannot access the data.
• C) computational procedure for data analysis.
• D) computing the average for data.

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Definitions:

Contribution Margin Ratio

A financial metric that shows the percentage of sales revenue that exceeds variable costs, contributing to covering fixed costs and generating profit.

Residual Income

The net income that exceeds the minimum required return on investment or capital; often used as a performance measure in managerial accounting.

Investment Opportunity

An option to allocate resources with the expectation of generating a return or profit in the future.

Turnover

In business, refers to the rate at which employees leave a company and are replaced by new hires; can also refer to the total sales in a given period.