Which of the Following Is a Role of Data Mining

question 102

Multiple Choice

Which of the following is a role of data mining agents?

• A) tracking inventory levels
• B) sending a report at the first of the month automatically
• C) assembling customized news
• D) analyzing data warehouses to detect changes deemed important by a user
• E) finding the best price for a particular product the user wants to purchase

Understand the role and impact of mobile commerce in the retail industry.

Grasp the concept of increasing a company's share of wallet among current customers.

Recognize the importance of convenient store locations and the concept of "location, location, location" in retail success.

Understand the value creation through personalized offerings and customer service improvements.

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Definitions:

Workers' Compensation

A form of insurance providing wage replacement and medical benefits to employees injured in the course of employment.

FICA

Refers to the Federal Insurance Contributions Act taxes, which are payroll taxes paid by both employees and employers to fund Social Security and Medicare.

Overtime Earnings

Compensation received for hours worked in excess of the standard workweek hours, often calculated at a rate higher than the regular hourly rate.

Liability Accounts

Accounts on a balance sheet that represent what a company owes to others, such as loans, accounts payable, mortgages, deferred revenues, and accrued expenses.