The endpoint of a k-means clustering algorithm occurs when:
a. Euclidean distance between clusters is minimum.
b. Euclidean distance between observations in a cluster is maximum.
c. no further changes are observed in cluster structure and number.
d. all of the observations are encompassed within a single large cluster with mean k.
C
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Which of the following is an example of a company's external metrics?
A) return on sales B) employee turnovers C) manufacturing defects D) late deliveries E) retaining customers
Looking at events that have taken place and thinking about how they affect the business is
a. analyzing; b. recording; c. classifying, d. summarizing; e. reporting
Define each of the following input controls and give an example of how they may be used:
a. Missing data check b. Numeric/alphabetic data check c. Limit check d. Range check e. Reasonableness check f. Validity check
Which of the following statements is true regarding the affordable method for setting a promotion budget?
A) It is mostly used by large businesses. B) It completely ignores the effects of promotion on sales. C) It tends to place promotion first among spending priorities. D) It leads to a certain annual promotion budget. E) It almost always results in overspending.