Which of the Following Statements Is True About Business Intelligence

question 39

Multiple Choice

Which of the following statements is true about business intelligence systems?

• A) They help identify patterns in mountains of data.
• B) Their use by private organizations is restricted by law.
• C) They require highly trained analysts to uncover data patterns.
• D) They are expensive to acquire due to the rising cost of data storage.

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Definitions:

Shrinkage

The loss of inventory that can occur due to theft, damage, or errors in a company's stock.

Adjusting Entries

Journal entries made at the end of an accounting period to update account balances before preparing financial statements.

Operating Expenses

Costs associated with the day-to-day functions of a business excluding the cost of goods sold.

Fiscal Year

A fiscal year is a one-year period designated for accounting and financial reporting purposes, differing from the traditional calendar year.