If We Wanted to Know What Level of Sales Was

question 4

Multiple Choice

If we wanted to know what level of sales was achieved last quarter at a competitor company, we would perform __________ analytics.

• A) descriptive
• B) diagnostic
• C) predictive
• D) prescriptive

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Definitions:

Expired Insurance

Refers to insurance policies where the coverage period has ended and has not been renewed or extended.

Assets

Resources owned or controlled by a business, entity, or individual, which are expected to produce economic value or future benefits.

Adjusting Entry

A journal entry made in accounting records at the end of an accounting period to allocate income and expenditure to the appropriate period.

Unearned Revenue

Income received by a company for goods or services that have yet to be provided to the purchaser.