The US Internal Revenue Service Uses _____________ to Identify Patterns That

question 31

Multiple Choice

The U.S. Internal Revenue Service uses _____________ to identify patterns that distinguish questionable annual personal income tax filings.

• A)utility theory
• B)prescriptive analytics
• C)data mining
• D)decision analysis

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Definitions:

Bonds

Financial securities that represent a loan made by an investor to a borrower, typically corporate or governmental, which pays interest over time and returns the principal at maturity.

Forgoing Benefits

The benefits that are lost when choosing one alternative over another; also known as opportunity cost.

Present Benefits

Advantages or positive outcomes that are received or enjoyed currently, as opposed to in the future.

Future Benefits

Projected advantages or positive outcomes expected to be received in the future.