As Described in the Text, Which of the Following Best

question 15

Short Answer

As described in the text, which of the following best defines the term data analytics?
A. The ability to analyze data and draw conclusions.
B. The science of reducing extremely large datasets down to more manageable databases that can be processed using traditional tools.
C. The process of creating meaningful visualizations from extremely large datasets.
D. The science of examining raw data, removing excess noise, and organizing it in order to draw conclusions for decision making.

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Definitions:

Revenues

The total amount of money received by a company for goods sold or services provided during a certain period of time.

Net Income

The total profit of a company after all operating expenses, taxes, and interest are deducted from total revenue.

Normal Balance

The side of an account (debit or credit) that increases. For assets and expenses, it's usually the debit side, and for liabilities, equity, and revenue, it's typically the credit side.

Owner's Capital Account

An equity account representing the total investment of the owner in the business, including initial contributions and subsequent earnings, minus any withdrawals.