Tony Requests for a Credit Approval of $25,000 and Instead

question 83

Multiple Choice

Tony requests for a credit approval of $25,000 and instead gets $15,000 approved as customer credit. Which of the following problems caused by information silos is most likely the reason behind it?

• A) data duplication
• B) isolated decisions
• C) limited information
• D) disjointed processes

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Definitions:

Pro Forma Statements

Financial statements that project a company's financial performance in the future, based on certain assumptions and adding or excluding non-recurring items.

Anticipated Rate of Growth

The expected annual increase in a company's revenue or profit, often expressed as a percentage.

Financial Leverage

The use of borrowed funds with a fixed cost to finance the assets of the business to increase the potential return to shareholders.

Planned Activities

Scheduled actions or tasks outlined by an organization or individual aimed at achieving specific goals.