Data-Driven Decision Management Is Usually Undertaken as a Way to Gain

question 113

Multiple Choice

Data-driven decision management is usually undertaken as a way to gain a competitive advantage. A study from the MIT Center for Digital Business found that organizations driven most by data-based decision making had ________ productivity rates and ________ profits.

• A) 4% lower, 6% higher
• B) 4% higher, 6% lower
• C) 4% higher, 6% higher
• D) 4% lower, 6% lower

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Definitions:

Administrative Expense

Expenses related to the general operation of a business, including salaries of non-sales personnel, rent, and utilities.

Net Sales

Net sales of a company, calculated by deducting returns, discounts, and allowances for damaged or missing products from its gross sales.

Unrealized Gain

Increases in the value of an asset that has not been sold, thus not yet generating actual cash income.

Available-For-Sale Securities

Securities that are held with the intent of selling them sometime in the future.