Managers Can Use BI to Answer Tough Business Questions

question 336

Multiple Choice

Managers can use BI to answer tough business questions. Which of the following describes the value of knowing where the business is going?

• A)A historical perspective offers important variables for determining trends and patterns.
• B)Looking at the current business situation allows managers to take effective action to solve issues before they grow out of control.
• C)Setting strategic direction is critical for planning and creating solid business strategies.
• D)None of the above.

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Definitions:

Wealth

An accumulation of valuable resources or material possessions that an individual, community, company, or country owns or controls.

Contribute

To give something, such as money, goods, or time, to a common fund or cause.

Benefit

Benefit refers to the positive impact or gain received from a product, service, or action, often used in comparison to costs to assess worthiness or efficacy.

Public Entertainment

Activities or performances, such as concerts, movies, or games, offered to the general public for enjoyment and leisure.