Which One of the Following Is Least True in Regards

question 4

Multiple Choice

Which one of the following is least true in regards to business intelligence?

• A) It provides a way for organizations to make better strategic decisions.
• B) Business intelligence may analyze data from various sources, including sources internal and external to the firm.
• C) It is a high-tech analysis of the company's data.
• D) Business intelligence can be highly effective, but it does not provide information on business patterns and relationships that may be of importance to the organization.
• E) Business intelligence is sometimes referred to as data mining.

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Definitions:

Purely Competitive

A market structure characterized by many buyers and sellers, all of whom have little to no influence on the market price of goods and services.

Marginal Resource Cost

The additional cost incurred by a firm or economy for utilizing one more unit of a resource, used in making efficient production and resource allocation decisions.

Profit-Maximizing

The process by which a firm determines the price and output level that returns the greatest profit.