Which of the Following Statements Best Describes the Term Business

question 66

Multiple Choice

Which of the following statements best describes the term business intelligence?

• A)Software developed exclusively for business management
• B)The tools and techniques used to analyze and understand business data
• C)The infrastructure for collecting and managing business data
• D)Information systems involved in business decision making
• E)Enterprise systems used to make business decisions

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Definitions:

Sales

The total amount of revenue a company generates from the sale of goods or services before any expenses are deducted.

Margin of Safety

The difference between actual or expected sales and the break-even point, reflecting the cushion against a loss.

Break Even

Break even refers to the point at which total costs and total revenue are equal, resulting in no net loss or gain and the initial investment is recovered.

Fixed Costs

Expenses that do not change with the volume of production or sales, such as rent, salaries, and insurance, remaining constant regardless of business activity levels.