Data mining allows organizations to:

A. analyze vast amounts of data to identify useful information that had been hidden.
B. guide managers while using data accurately through the decision-making process.
C. encourage collaboration among employees and business partners through data transfer.
D. access an array of computing resources without investing in expensive new hardware.


Answer: A

Business

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Round-Up Ranch and Smith & Jones, Accountants, are limited liability partnerships (LLPs). The major features of an LLP are that it limits the personal liability of the partners and

a. it allows the partnership to continue as a pass-through tax entity. b. LLP statutes do not vary from state to state. c. it can only do business in the state in which it was formed. d. only a few states have enacted LLP statutes.

Business

In December of this year, Jake and Stockard, a married couple, redeemed qualified Series EE U.S. Savings Bonds. The proceeds were used to help pay for their daughter's college tuition. Jake and Stockard received proceeds of $8,000 representing principal of $5,000 and interest of $3,000. The qualified higher educational expenses they paid this year totaled $6,000. Their AGI is below the threshold

for phase-out of the exclusion. What is the amount of interest income Jake and Stockard can exclude from their income this year? A) $2,250 B) $2,500 C) $3,000 D) $5,000

Business

One argument in favor of affirmative action is:

A. Only the most qualified people are hired through this process. B. It's easy to monitor the success of affirmative action programs. C. It levels the playing field to correct past discriminatory hiring practices. D. People hired through this program tend to be more dedicated workers.

Business

Activity-based costing works well in warehouse-type environments but does not work for customer service applications

Indicate whether the statement is true or false

Business