Which of the Following Is True About Business Analytics

question 35

Multiple Choice

Which of the following is true about business analytics?

• A)It enables you to use statistical methods to analyze and explore data to uncover unforeseen relationships.
• B)It enables you to use management science methods to develop optimization models that impact an organization's strategy,planning,and operations.
• C)It enables you to use complex mathematics to replace the need for organizational decision making and problem solving.
• D)It enables you to use information systems methods to collect and process data sets of all sizes.

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Definitions:

Economic Well-being

A comprehensive measure of financial health of individuals or societies, often assessed by income, employment stability, and access to resources.

Exit Strategies

Plans or methods developed by an investor or business owner to sell their stake in a company or to end an investment.

Disengage

The process of withdrawing or detaching oneself from involvement in a particular activity, situation, or group.

Shared Language

A common mode of communication among a group of people, which can include verbal language or other forms of communication such as signs or symbols.