In the Magpie Sensing Case Study, the Automated Collection of Temperature

question 42

Multiple Choice

In the Magpie Sensing case study, the automated collection of temperature and humidity data on shipped goods helped with various types of analytics. Which of the following is an example of predictive analytics?

• A) real time reports of the shipment's temperature
• B) warning of an open shipment seal
• C) location of the shipment
• D) optimal temperature setting

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Definitions:

Balance Sheet

A statement that outlines an enterprise's assets, liabilities, and the equity held by shareholders, pinpointed to a specific time frame.

Equity Changes

Refers to the alterations in the owners' equity over a specific period due to net income, dividend payments, and capital injections.

Compound Entry

An accounting entry that involves multiple debits and/or credits in a single journal entry, typically used when a transaction affects more than two accounts.

Income Statement

A financial statement that provides a summary of a company's revenues, expenses, and profits or losses over a specific period of time.