It Is Better to Have Data That Is Too Fine

question 35

Multiple Choice

It is better to have data that is too fine than too coarse because fine data can be converted to coarse data by

• A) separating the data into its constituent parts.
• B) using regression analysis.
• C) placing the data into a data mart.
• D) summing and combining the data.
• E) placing the data into a data warehouse.

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Definitions:

Revenue

The sum of money earned from the sale of products or services central to the business's main activities.

Prepaid Expenses

Payments made in advance for goods or services to be received in the future, recorded as assets on a balance sheet and expensed over time as the goods or services are consumed.

Costs Paid

Expenses that a company has incurred and settled through payment.

Cash Basis

An accounting method where revenues and expenses are recognized only when cash is actually received or paid out, ignoring receivables and payables.