Answer:
B) data mining
Explanation:
Data Mining refers to the process of discovering patterns in large data sets using techniques like machine learning, statistics or database systems. The company uses this process to turn raw data into useful information for marketing , sales or cost management.
Answer:
B. $12,000 is a sunk cost
Explanation:
By considering the given information, the cost that is correct is a sunk cost for $12,000
The sunk cost is the cost already incurred and will not be retrieved in the future. Plus, it's also termed a past cost.
It is a useless cost and it can be avoided also.
It is that cost that is not considered at the time of decisions making.
So, option B is correct
Ex-post (in an accounting sense), Savings ALWAYS equals Investment. However, ex-ante, DESIRED savings may very well be different from DESIRED investment. It is the REAL INTEREST RATE which adjusts to make desired savings equal to desired investment.
Explanation:
- In the basic, closed economy model, Savings=Investment. The reason for this is because, in this model, growing capital stock is not the only item taken into account in Investment. The other item is inventory accumulation.
- Savings is whatever is left over after income is spent on consumption of goods and services, investment is what is spent on goods and services that are not 'consumed', but are durable.
- Equilibrium in the goods market can be expressed in two equivalent ways: (1) desired national saving is equal to desired investment; AS = AD.
- The real interest rate is the rate of interest an investor, saver or lender receives (or expects to receive) after allowing for inflation. It can be described more formally by the Fisher equation, which states that the real interest rate is approximately the nominal interest rate minus the inflation rate.
The transactional model positions both communicators as senders and recipients who encode their own particular messages and unravel others' messages with regards to both communicators' individual and shared encounters. It is a reliant model, and every component exists in connection to the others.
Economics in the micro-level is scarcity economics, means that every decision that is made by an individual is created based on the availability of the scarce product.
<h2>Further Explanation:</h2>
The economic is a human activity that has a purpose in improving the social standard of living based on the choice of scarcity.
Take an example of the goods for production.
In the fundamental theory of economy, which accommodated in Adam Smith in the latest 18th century.
Human has to choose among
- Lands / Capital
- Labor
- Entrepreneurship
The development of economy nowadays made a lot of health care facility to be more achievable. Take a look at public healthcare; in the past, there is no concept of insurance or general health standard. There is no standard of safety in working place. There is no transparent constitution background for someone to be safe.
Also, take a look at how easy a person in getting food. There is no more activity, like hunting for a person to get food.
<h2>Learn more</h2>
<h2>Details of the question</h2>
Grade: University level
Subject: Economy
Chapter: Microeconomy
