What Are Business Analytics

question 345

Multiple Choice

What are business analytics?

• A)The scientific process of transforming data into insight for making better decisions.
• B)Uses techniques that describe past performance and history.
• C)Uses techniques that extract information from data and use it to predict future trends and identify behavioral patterns.
• D)Uses techniques that create models indicating the best decision to make or course of action to take.

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Definitions:

Equipment Account

An account on a company's balance sheet that reports the value of the company's equipment used in operations, less any accumulated depreciation.

Posting

The process of recording financial transactions in the ledger of a company as part of the accounting cycle.

Trial Balance

A trial balance is a bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account column totals that are equal.

Debits

Accounting entries that can increase asset or expense accounts or decrease revenue, liability, or equity accounts.