The Process of Reducing the Number of Variables to Consider

question 7

Multiple Choice

The process of reducing the number of variables to consider in a data-mining approach without losing any crucial information is termed as _____.

• A) dimension reduction
• B) data sampling
• C) data reduction
• D) aggregation

Recognize the consumer protections provided by laws and regulations against misleading advertisements and fraud.

Understand the role and enforcement actions of the Federal Trade Commission (FTC) in protecting consumers.

Grasp the specifics of consumer protection in the context of online and digital environments.

Appreciate the significance of truthfulness in advertising and the requirement for ad substantiation.

---

Definitions:

Value-Added Tax (VAT)

A tax on the amount by which the value of an article has been increased at each stage of its production or distribution, ultimately passed on to the consumer.

Progressive Taxes

A tax system where the tax rate increases as the taxable amount or income increases, placing a higher financial burden on wealthier individuals.

Hidden Tax

A non-obvious tax or financial burden on consumers that is not directly imposed by legislation but occurs through regulation or other means.

Value-Added Tax (VAT)

A type of consumption tax that is placed on a product whenever value is added at a stage of production and at the point of retail sale.