Which of the Following Statements Best Summarizes the Use of Business

question 31

Multiple Choice

Which of the following statements best summarizes the use of business analytics?

• A) The use of data analysis to aid in business decision making.
• B) Using of cluster analysis to create customer categories.
• C) Forecasting stock prices.
• D) Using "big data" methods to predict sales.

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Definitions:

Capital

Refers to financial assets or resources that companies use to fund their operations and growth.

Ration

To distribute or allocate a scarce resource or supply in a controlled manner among various users.

Overpopulation

A condition where an environment's population exceeds the capacity it has to support life healthily and comfortably.

Income Gap

The disparity in income and wealth distribution between different groups in society, often measured between the rich and the poor.