What Is Decision Latency

question 29

Multiple Choice

What is decision latency?

• A) The time duration to make data ready for analysis and loading the data into the database
• B) The time from which data are made available to the time when analysis is complete
• C) The time it takes a human to comprehend the analytic results and determine an appropriate action
• D) None of the choices are correct.

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Definitions:

Short-term Financial

Refers to the aspect of finance that deals with assets and liabilities which are expected to be turned into cash or paid within a year.

Long-term Goal

An objective or aim that is planned to be achieved over an extended period, typically over a year, focusing on significant achievements for the future.

Integrated Performance

The comprehensive assessment of all aspects of performance, including financial, operational, and strategic dimensions, in an organization.

Balanced Scorecard

A strategic planning and management system that is used by organizations to communicate what they are trying to accomplish, align the day-to-day work that everyone is doing with strategy, prioritize projects, products, and services, and measure and monitor progress towards strategic targets.