Which of the Following Is True of Data Mining

question 45

Multiple Choice

Which of the following is true of data mining?

• A) Sorting is a form of data mining.
• B) Data mining cannot be used for investment analysis.
• C) Ratio analysis is a form of data analysis, not data mining.
• D) Data mining can be used to identify all types of fraud.

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Definitions:

Financial Reporting

The method of generating reports that reveal the financial condition of an organization to its management, investors, and governmental bodies.

Legal System

A comprehensive system of rules and principles organized to regulate societal behaviors, enforced through institutions.

Common Law

A system of law based on judicial decisions and precedent rather than statutes.

Nongovernmental Organization

An independent organization that operates outside of government control, often focused on humanitarian, developmental, or environmental efforts.