Data Mining Is the Process by Which Companies Extract Consumer

question 86

True/False

Data mining is the process by which companies extract consumer behavioral patterns from analysis of huge databases containing internally and externally generated data.

---

Definitions:

GATT

The General Agreement on Tariffs and Trade, a legal agreement between many countries aimed at promoting international trade by reducing or eliminating trade barriers such as tariffs or quotas.

Lack Of Care

A failure to act with the attention or caution that a reasonable or prudent person would under similar circumstances, often leading to negligence claims.

Corporate Officers

Senior executives or top managers within a corporation who are given authority by the board of directors to manage the day-to-day operations and make significant business decisions.

Directors

Members of a company's board responsible for making major policy and financial decisions, acting collectively in the best interests of the company and its shareholders.