What Is Data Mining? Describe the Two Kinds of Data

question 48

Essay

What is data mining? Describe the two kinds of data mining. How can data mining be used to invade the privacy of individuals, given the large amount of data that is collected and stored electronically on people in their everyday transactions?

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Definitions:

Retained Earnings

Retained Earnings refer to the portion of net income that a company keeps after paying out dividends to its shareholders, which is then reinvested in the business or used to pay off debt.

Prior Period

A term referring to the financial events or conditions from a previous accounting period.

Cash Dividend

A cash dividend is a payment made by a company out of its earnings to shareholders, usually in the form of cash.

Stock Dividend

A dividend payment made to shareholders in the form of additional company shares rather than cash.