A Company That Compiles and Uses Large Amounts of Data

question 149

Multiple Choice

A company that compiles and uses large amounts of data to understand its customers is likely to have a(n) ________ to store and process its data.

• A)distribution center
• B)data warehouse
• C)competitive intelligence center
• D)custom research project
• E)marketing research department

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Definitions:

Depreciation

The systematic allocation of the cost of a tangible asset over its useful life, reflecting wear and tear, deterioration, or obsolescence.

Amortization

The process of gradually writing off the initial cost of an asset over a period.

Non-Monetary Items

Items on the balance sheet not easily converted to cash, often valued at historical cost, such as property, plant, and equipment.

Functional Currency

The currency of the primary economic environment in which the entity operates, typically used in the preparation of financial statements.