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:

Price of Capital

The cost of using capital for production or investment, often represented by interest rates or return on investment.

Manufacturing Plant

A large industrial building designed for the production of goods, using various processes and machinery, in a structured and efficient manner.

Total Cost

The full amount of expenses incurred by a firm in the production of goods or services, including both fixed and variable costs.

Marginal Cost

The increase in total cost that arises from producing one additional unit of a good or service.