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Business Intelligence (BI)uses Scorecards and Dashboards to Support Decision-Making Activities

question 36

True/False

Business intelligence (BI)uses scorecards and dashboards to support decision-making activities, whereas business analytics (BA)uses data mining tools and predictive modeling.


Definitions:

Suppliers

Entities or individuals that provide goods or services to another entity, typically a company, under agreed terms and conditions.

Sales Volume

The total number of units of a product or service sold over a specific period of time, often used to measure a company’s performance.

Financial Records

Documents and files which capture all financial transactions of a business or individual.

Independent Audit

An examination of an organization's financial records, processes, and statements by an external, unbiased auditor to ensure accuracy and compliance with laws and regulations.

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