Data Mining Is

question 3

Multiple Choice

Data Mining is:

• A)a technology that is used by large multinational resource companies such as BHP,Rio Tinto and Xstrata
• B)declining in popularity with companies due to the emergence of newer technologies.
• C)a technology that analyses small pools of internally generated data and identifies possible cost savings.
• D)a technology that analyses large pools of data and identifies patterns in them that can then be used by organisations for decision making.

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Definitions:

Fair Value

An approximation of the cost at which an asset or liability might be purchased or sold in a present-day deal between agreeable participants.

Excess Amortization

The portion of amortization expenses that exceeds the cash or profit generated by the asset being amortized, typically relevant in high depreciation contexts.

Significant Influence

The power to participate in the financial and operating policy decisions of another entity, without having control over those policies.