Which of the Following Is True About Data Mining Applications

question 2

Multiple Choice

Which of the following is true about data mining applications?

• A) They use sophisticated mathematical techniques.
• B) They use sophisticated statistical techniques.
• C) Their report delivery is more difficult than report delivery for reporting systems.
• D) Both A and B
• E) All data mining applications have many different users to support.

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Definitions:

Absorption Costing

An accounting practice that includes the total manufacturing costs, which are direct materials, direct labor, and manufacturing overhead (both variable and fixed), in the valuation of a product.

Net Operating Income

A financial metric representing a company's income after operating expenses but before interest and taxes.

Absorption Costing

A bookkeeping approach that incorporates all production expenses—direct materials, direct labor, and both variable and fixed overhead—into the product's cost.

Net Operating Income

The profit generated from normal business operations, excluding extraordinary items and expenses like taxes.