List Five Reasons for the Growing Popularity of Data Mining

question 2

Essay

List five reasons for the growing popularity of data mining in the business world.

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Definitions:

Job Cost Sheet

A document that records and tracks the costs associated with a specific job or project, detailing direct labor, direct materials, and overhead.

Source Document

An original record containing the details to substantiate a transaction entered in an accounting system.

Labor Time Tickets

Documents used to record the amount of time an employee spends on various jobs or projects, critical for job costing and payroll.

Work In Process Inventory

Items or goods in the production process but not yet completed; a stage between raw materials and finished goods.