____ Software Uses Sophisticated Decision-Making Processes to Search Raw Data

question 75

Multiple Choice

____ software uses sophisticated decision-making processes to search raw data for patterns and relationships that may be significant.

• A) Data warehousing
• B) Data mining
• C) Analytical
• D) Decision support system

---

Definitions:

Automatic Withdrawals

Electronic funds transfers or payments automatically deducted from a bank account, typically used for recurring expenses.

Endowment Effect

The phenomenon where individuals value an owned object higher than they would if they did not own it.

Raffle Prize

A reward given to a randomly selected participant in a raffle, where people enter by purchasing tickets for a chance to win.

Myopia

Refers to the difficulty human beings have with conceptualizing the more distant future. Leads to decisions that overly favor present and near-term options at the expense of more distant future possibilities.