What Are the Three Primary Areas of Analytics

question 201

Multiple Choice

What are the three primary areas of analytics?

• A) Descriptive analytics, predictive analytics, and prescriptive analytics.
• B) Descriptive analytics, primary analytics, response analytics.
• C) Descriptive analytics, future analytics, past analytics.
• D) Technique analytics, future analytics, past analytics.

Analyze the legal outcomes related to breaches of express and implied warranties.

Differentiate between express and implied warranties under the Uniform Commercial Code (UCC).

Evaluate the impact of privity of contract on warranty claims.

Identify the measures states have taken to limit punitive damages in product liability lawsuits.

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Definitions:

Loss on Disposal

The financial loss incurred when an asset is sold for less than its book value.

Accumulated Depreciation

The cumulative depreciation of an asset up to a single point in its life, representing how much of the asset's value has been used up.

Gain Reported

The difference reported in financial statements when the sale price of an asset exceeds its book value.

Carrying Amount

The book value of an asset or liability on a company's balance sheet, calculated as its original cost minus depreciation, amortization, or impairment costs.