What Are Advanced Analytics

question 196

Multiple Choice

What are advanced analytics?

• A)processes and manages algorithms across many machines in a computing environment
• B)focuses on forecasting future trends and producing insights using sophisticated quantitative methods, including statistics, descriptive and predictive data mining, simulation, and optimization
• C)occurs when the user goes into an emotional state of over-analysis (or over-thinking) a situation so that a decision or action is never taken, in effect paralyzing the outcome
• D)a business analytics specialist who uses visual tools to help people understand complex data

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Definitions:

Accrued Expense

Expenses that have been incurred but not yet paid for, recognized in the financial statements through adjusting entries.

Employees' Salaries

Regular payments made to employees for their service to an organization, typically agreed upon and fixed in a contract.

Comprehensive Insurance

An insurance coverage that protects against a wide range of perils, excluding certain specified exclusions.

Prepaid Insurance

Prepaid insurance refers to payments made for insurance coverage before the actual coverage period, recognized as an asset on the balance sheet until used.