Data Mining Looks for Previously Unknown Relationships Among Vast Amounts

question 117

True/False

Data mining looks for previously unknown relationships among vast amounts of data.

---

Definitions:

Purchasing Department

A division within a company that is responsible for procuring goods and services necessary for the company’s operations.

Material Price Variances

Material price variances represent the difference between the actual cost of raw materials used in production and the expected or standard cost.

Sales Department

The division within a company responsible for the sale of products and services, including marketing and customer relations.

Operating Income

The difference between gross profit and operating expenses.