Which of the Following Statements Is False

question 14

Multiple Choice

Which of the following statements is false?

• A)A data warehouse is an integrated collection of enterprise-wide data that generally includes multiple years of nonvolatile data
• B)When performing month end close and preparing monthly financial statements, an accountant would typically run reports from information stored in the company's data warehouse.
• C)Data in a data warehouse is used to support management in decision making and planning
• D)Data mining is the process of searching data within the data warehouse for identifiable patters than can be used to predict future behavior.

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Definitions:

Equity

The amount of ownership interest in a company, typically represented by the shares held by its shareholders.

Dividends

Payments made to shareholders out of a company's earnings, distributing a portion of the profit to investors as a return on their investment.

Net Income

The company's residual earnings post all expenditures and tax deductions from the gross revenue.

External Transaction

A financial or non-financial exchange between the business and an external party, impacting the financial statements.