What Is the Name Given to a System Used to Analyze

question 27

Multiple Choice

What is the name given to a system used to analyze financial and operating data?

• A)data mining
• B)data modelling
• C)business intelligence
• D)business database systems

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Definitions:

Rational Choice Paradigm

A theory positing that individuals make decisions by considering the available alternatives and selecting the most rational or advantageous option.

Satisficing

A decision-making strategy that aims for a satisfactory or adequate result, rather than the optimal solution, due to constraints such as time or information.

Failing Course

A situation in which a student does not achieve the required minimum grade to pass a specific course, affecting academic progress.

Tacit Knowledge

The knowledge that is difficult to transfer to another person by writing it down or verbalizing it; often gained through personal experience.