All of the Following Are Downsides to Data Mining EXCEPT

question 198

Multiple Choice

All of the following are downsides to data mining EXCEPT:

• A)much of the information found on the Internet is factually incorrect.
• B)personal,private data on most Americans is available on the Internet.
• C)it is easy for almost anyone to find out your personal information through both online and offline sources.
• D)you can also use the Internet to find out which companies are obtaining your personal data.
• E)many firms obtain personal,private data by placing "cookies" on a person's computer or use tracking "apps" to forward location information from a user's mobile phone.

Understand the receivables management, including the sale of receivables and estimating bad debts.

Comprehend the implications of converting receivables to cash and recognizing related expenses or income.

Apply aging of accounts receivable method to estimate bad debts expense and adjust the Allowance for Doubtful Accounts.

Understand the use and effect of promissory notes in transactions involving receivables.

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Definitions:

Days' Sales in Inventory

A financial metric indicating the average number of days a company takes to sell its inventory.

Statement of Financial Position

Another term for a balance sheet, which is a financial document that provides a snapshot of an entity’s assets, liabilities, and shareholders' equity at a specific point in time.

Statement of Comprehensive Income

A financial statement that includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, encompassing both net income and other comprehensive income items.

Average Inventory

The average stock of goods held over a certain period, calculated to understand inventory levels better.