All of the Following Are Examples of Business Intelligence Systems

question 56

Multiple Choice

All of the following are examples of business intelligence systems except a system that:

• A)summarizes and reports on a company's basic operations.
• B)tracks the flows of materials in a factory.
• C)focuses on problems that are unique and rapidly changing.
• D)compares total annual sales figures for specific products to planned targets.
• E)addresses nonroutine decisions.

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Definitions:

Margin of Safety

Margin of Safety is the difference between actual sales and the break-even point, indicating the amount of sales decline a company can sustain before incurring a loss.

CVP Income Statement

An income statement format that is used to analyze the impact of varying levels of sales and product costs on operating profit, focusing on the relationships between cost, volume, and profit.

Management Decision-Making

The process by which management identifies, evaluates, and chooses among alternative courses of action to achieve organizational objectives.

Traditional Income Statement

An income statement format that separates costs into categories of cost of goods sold and operating expenses to calculate net income.