Which Type of Analytics Generally Would Go First When Addressing

question 7

Multiple Choice

Which type of analytics generally would go first when addressing an accounting issue?

• A) Predictive analytics
• B) Prescriptive analytics
• C) Diagnostic analytics
• D) Descriptive analytics

---

Definitions:

Credit Memo

A document issued by a seller to a buyer, reducing the amount owed, typically due to a return or refund.

Debit Delivery Expense

An accounting entry that increases the expense account related to the cost incurred for delivering goods or services.

Purchases Discounts

An allowance given by the seller to the buyer for early payment or for buying in bulk, reducing the amount owed.

Settlement

The act of resolving a financial or legal obligation, often involving a mutual agreement between parties or payment completion.