__________________________ Recognizes Patterns That Describe the Group to Which an Item

question 93

Multiple Choice

__________________________ recognizes patterns that describe the group to which an item belongs by examining existing items that have been classified and by inferring a set of rules.

• A) Sequences,
• B) Classification
• C) Clustering
• D) Forecasting

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Definitions:

Maximum Cost

The highest possible expense that can be incurred for a specific activity, project, or purchase.

Method

A systematic way of accomplishing something. In a financial context, this could refer to a specific approach or procedure adopted for accounting or analysis purposes.

Average Rate of Return Method

A method of evaluating capital investments by calculating the average annual profit expected from the investment and dividing it by the initial investment cost.

Present Value

The contemporary valuation of a future money sum or cash flow series, based on a predetermined return rate.