Which of the Following Observations About RFM and OLAP Reports

question 63

Multiple Choice

Which of the following observations about RFM and OLAP reports is True?

• A) RFM reports are more generic than OLAP reports.
• B) OLAP reports are more dynamic than RFM reports.
• C) RFM reports have measures and dimensions.
• D) RFM reports can drill down into the data to a greater extent than OLAP reports.

Understand how transactions impact account balances.

Classify accounts into their correct categories.

Distinguish between accounts that have a normal debit or credit balance.

Accurately record transactions in T accounts.

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Definitions:

T-Accounts

T-Accounts are a form of accounting ledger that visually represents the debits and credits of financial transactions for each account in double-entry bookkeeping.

Capital Drawing

Withdrawals made by the owner(s) from the business for personal use, reducing the total capital invested in the business.

Journalize

The process of recording business transactions in the journal as part of the accounting cycle.

Transactions

Financial events that result in changes to the financial position of a company, such as sales, purchases, and payments.