The Main Purpose of Data Mining Is to Provide Decision

question 2

True/False

The main purpose of data mining is to provide decision support to managers and business professionals through a process referred to as information mining.

---

Definitions:

Implicit Costs

Non-monetary opportunity costs that are not directly incurred as a result of performing business activities.

Entrepreneur's Potential Earnings

The forecasted income an entrepreneur expects to earn from a business venture, taking into account both risks and opportunities.

Annual Lease

A contract or agreement that outlines the terms under which one party agrees to rent property from another party for a period of one year.

Payments to Workers

Financial remuneration provided to employees for their labor, often in the form of wages or salaries.