Which of the Following Best Describes the Term Business Analytics

question 44

Multiple Choice

Which of the following best describes the term business analytics?

• A) the infrastructure for collecting and managing business data
• B) the tools and techniques used to analyze and understand business data
• C) software developed exclusively for business management
• D) information systems involved in business decision making

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Definitions:

Standard Deviation

A statistical measure representing the dispersion or variability of a set of data points from their mean, often used in finance to gauge the volatility of an investment.

Effective Annual Rate

The interest rate on an investment or loan, annualized and taking into account the effects of compounding within the year.

Quarterly Return

The financial performance of an investment or asset over a three-month period, typically expressed as a percentage.

Investment

This refers to the allocation of resources, often financial, in assets or projects with an expectation of generating future returns.