Published “The Nature of the Firm” According to Coase's Theory of the firm, firms exist because going to the market all the time can impose heavy transaction costs.<span>Firms exist to economize on the cost of coordinating economic activity.
</span><span>Increasing marginal costs of organizing more transactions within the firm and <span>decreasing returns of managerial ability (knowledge, computation limits..) are the boundaries of the firm.</span></span>
Answer:
Data mining refers to the ability of an organization to extract relevant information for a large reservoir of data that belong to its users for the purpose of increasing service/product efficiency.
One example of a company that requires data mining for the success of its business is Amazon. Amazon is categorized by many as an online retail giant. Their Customer-Centric approach to doing business is enhanced by their ability to leverage off historical data to reduce the time spent on resolving customer queries and/or complaints.
Generally, there are four basic data mining functions. They are:
- Prediction Function: This function allows for the owner to spot patterns in behavior and use this as a yardstick to predict for forecast other variables that will enable the increment in the quality of value offered/delivered.
- Function Description: This functionality highlights attributes of a set of data in the database
- Classification Function: This is very close to Function Description only that in this case, it helps in the creation of a model that describes the class or concept of data.
- Association Function: This functionality highlights the relationship between data
The above functions cannot be carried out by data query processing or simple statistical analysis because data mining involves the identification of patterns and relationships using algorithms whilst data query refers to the issuance of instructions in search of specific results.
Cheers
The answer is: Angel investor
Angel investors only injected their capital with the businesses if they believe that the leaders are capable in making the decision by their own.
This hands-off approach in investments tend to be reall risky. But Angel investors tend to be wealthy enough to the point where they can afford the financial blow back even if a couple of their start up investments fail.
Answer:
d.Shares listed on a national securities exchange.
Explanation:
The primary purpose of enacting the securities exchange act of 1934 was to regulate securities and transactions in the financial or money markets. The act ensures fairness in financial dealings, thereby creating investor confidence.
For it to achieve its objectives, the securities exchange act contains mandatory disclosure requirements that ensure investors have access to relevant and accurate information to make decisions. The disclosures have to be made at crucial times to aid in investment decisions. All companies listed in the stock exchange are required to abide by the requirements of the exchange act.
