Which of the Following Uses a Variety of Techniques to Find

question 13

Multiple Choice

Which of the following uses a variety of techniques to find patterns and relationships in large volumes of information that predict future behavior and guide decision making?

• A)Data analysis tools
• B)Electronic analysis tools
• C)Data-mining tools
• D)Data integrity tools

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Definitions:

Comparative Advantage

The ability of an individual or country to produce a particular good or service at a lower marginal cost than others.

Production Possibilities

Various combinations of goods and services that can be produced within an economy given available resources and technology.

Economies Of Scale

The cost advantage achieved by producing goods in large quantities, hence reducing the cost per unit.

Quality Of Products

Refers to the degree to which a product or service meets or exceeds customer expectations in terms of durability, reliability, and performance.