Collecting and Using "Big Data" to Make Decisions Requires ________

question 74

Multiple Choice

Collecting and using "big data" to make decisions requires ________.

• A)rational decision making
• B)embracing complexity
• C)specific organizational goals
• D)logical and consistent thinking

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Definitions:

Net Cash Flow

The difference between cash inflows and outflows within a specified period, indicating the company's liquidity.

Net Income

The net income of a company following the deduction of all taxes and expenses from the gross revenue.

Cash Payback Period

The period of time required for the return on an investment to "pay back" the sum of the original investment.

Amortization Period

The length of time over which an intangible asset is depreciated or an amount of money is amortized, typically reflecting the asset's useful life.