Advanced Analytics Generally Refers to

question 5

Multiple Choice

Advanced analytics generally refers to

• A)descriptive and prescriptive analytics.
• B)simulation.
• C)predictive and prescriptive analytics.
• D)decision analysis.

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Definitions:

Income Statement

A financial statement that reports a company's financial performance over a specific accounting period, detailing revenues, expenses, and profits or losses.

Prepaid Rent

An asset account that represents rent payments made in advance of the rental period.

Rent Expense

The cost incurred by renting property or equipment for business or personal use, typically recognized in accounting over the rental period.

Expected Life

The anticipated duration a fixed asset is likely to be useful in business operations before needing replacement.