Business Intelligence Uses Scorecards and Query Reports to Support Decision-Making

question 86

True/False

Business intelligence uses scorecards and query reports to support decision-making activities,whereas business analytics uses data mining tools and predictive modeling.

---

Definitions:

Industry Supply Curve

A graphical representation showing the relationship between the price of a good and the total output supplied by the industry.

Technology Improvement

Enhancements or advancements in technological capabilities, leading to more efficient processes or products.

Economic Losses

Financial losses experienced by a business or economy, often resulting from unfavorable business conditions or poor investment decisions.

Perfectly Competitive

A market structure characterized by a large number of small firms, homogeneous products, free entry and exit, and perfect information, where no single firm can influence the market price.