If a Company Wants to Utilize Data Analytics in Order

question 66

Short Answer

If a company wants to utilize data analytics in order to identify those traits that make a prospective customer more likely to purchase, it would use an application known as ________ ________ to numerically rate its best prospective customers.

Define and recognize the characteristics of creativity.

Comprehend the concepts of reliability, validity, standardization, and norms in psychological testing.

Understand the significance of cognition and different cognitive abilities in humans and animals.

Recognize the role of emotional intelligence in understanding oneself and others.

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Definitions:

Residual Income

Income that continues to be generated after the initial effort or investment has been completed, often used in the context of investments or intellectual property.

Net Operating Income

A measure of a company's profitability from its ordinary, core operations, excluding expenses and incomes from financing and investing activities.

Investment

The allocation of resources, such as capital or time, in the expectation of generating an income or profit.

Division Manager

An individual responsible for overseeing the operations, performance, and strategies of a specific division within a company.