Which of the Following Questions Will Prescriptive Analytics Help a Company

question 40

Multiple Choice

Which of the following questions will prescriptive analytics help a company address?

• A) How many and what types of complaints did they resolve?
• B) What is the best way of shipping goods from their factories to minimize costs?
• C) What do they expect to pay for fuel over the next several months?
• D) What will happen if demand falls by 10% or if supplier prices go up 5%?

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Definitions:

Temporary/Permanent

In accounting, this distinction refers to how certain accounts (temporary) close at the end of a fiscal period, while others (permanent) carry their balances forward.

Account Balance

The difference between the debits and credits recorded in an account.

Financial Statement

A precise documentation of monetary activities and the financial state of a corporation, a person, or another entity.

Account Balance

The total amount of money that is present in an account at any given time, which can be a positive or negative value.