In General,reporting Tools Show What Might or Could Happen in the Future

question 7

True/False

In general,reporting tools show what might or could happen in the future and analytical tools show what has already happened in a business.

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Definitions:

Accounts Payable

Liabilities owed by a business to its suppliers or creditors for goods or services received.

Cost-Benefit Considerations

The process of weighing the total expected costs against the total expected benefits of one or more actions in order to choose the best or most profitable option.

Risk Assessment

The process of identifying, analyzing, and evaluating the risks involved in a certain situation or for a specific investment.

Protect Assets

Measures or strategies implemented by a company or individual to safeguard physical and intangible assets from loss, damage, or theft.