Business Analytics

question 94

Multiple Choice

Business analytics

• A) is retrospective rather than predictive.
• B) enables a firm to learn from experience and to make current and future decisions based on prior information.
• C) uses mathematical models that enhance decision making at only the topmost levels of management.
• D) can enable a company to benefit from measuring risk, but it cannot enable the company to manage risk.
• E) as an industry is experiencing a decline in revenue.

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Definitions:

U.S. Dollar

The official currency of the United States, widely used as a benchmark and reserve currency globally.

Federal Deficit

The amount by which a government's expenditures exceed its tax revenues over a specified fiscal period, leading to borrowing or the creation of new funds.

Creditor Nation

A country that has invested more in other countries than others have invested in it, leading to a net positive investment position.

Fiscal Policy

Government policies regarding taxation and spending that are aimed at influencing economic conditions, including managing inflation, unemployment, and stimulating economic growth.