Business

Discuss the role of clustering in Data Mining, and the types of business questions one can address with these algorithms.

EXPERT ANSWER Data mining focuses using machine learning, pattern recognition and statistics to discover patterns in data. Clustering would fall into the machine learning / pattern recognition realm. It is important to remember there are 2 types of machine learning algorithms: 1. Supervised Learning – These include machine learning algorithms that have variables used as …

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Subject: International Business Question: The total number of Incoterms as of 2015 is?

EXPERT ANSWER Incoterms or International commercial terms-The total number of Incoterms in 2015 are 11. These are internationally recognized terms of trade used in a sales contract. It is used to define the following: Assign responsibility for transportation of goods, taxes, insurance The point where goods should be picked up and where they should be …

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Class: International Business Question: Explain the elements that lead to the increased complexity of globalization.

EXPERT ANSWER One of the most essential change phenomena is globalization, accompanied byregionalization (the European, American, and Asian blocs) and fragmentation (nations’desire to be independent, like the nations of the former Soviet Union and Yugoslavia).By globalization is meant the process that is leading to the situation where most of thestates in the world belong to a …

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Class: International Business Question: Compare and contrast traction and translation exposure

EXPERT ANSWER Transaction exposure : It impacts cash flow movements Arises as a result of purchase and sales transactions in different countries The company need not necessarily have a foreign affiliate Leads to realised gain or losses Starts when company enters into transaction Ends when it makes or achieves payments in currency other than its …

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What type of business questions do descriptive, explanatory, and demonstrative presentations answer?

EXPERT ANSWER ANSWER descriptive Presentations These presentations ask the question “what” The audience wants to know facts, figures, and other data. The topical pattern and the chronological pattern are the two types of descriptive presentations. In a topical presentation in order to keep the audience interested, the presentation should begin and end with the most …

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Briefly describe the advantages and disadvantages of buying an existing business. Question 42 options:

EXPERT ANSWER Buying an existing business can be a advantage and sometimes can be a disadvantage as well. So before buying any existing business we should consider all the market factors on the basis of which we can evaluate the existing business. Some of the advantages and disadvantages of buying existing business are:- Advantages Disadvantages …

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Ethics in Accounting and Business Question 1. Where and why did things go wrong at Enron?

EXPERT ANSWER Enron indulged in financial misrepresentation, poor financial accounting standards, exposing loopholes and navigated the entire scam from its auditor Arthur Anderssen and misled its board of directors and CFO using high risk accounting practices and lack of risk management frameworks which resulted in biggest failure such that share price of an alltime high …

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