Which of the Following Is an Example of the Use

question 78

Multiple Choice

Which of the following is an example of the use of predictive analytics?

• A)Spotify recommends a new artist based on past listening history.
• B)Dropbox introduces online storage to a target market.
• C)Netflix unveils a new advertising campaign to differentiate itself from its competitors.
• D)An in-store promotion makes sure that Hershey's candy is put at point-of-purchase locations throughout the store.
• E)Sales associates at Nordstrom check out customers through the use of handheld devices so that customers do not need to wait in line.

Appreciate the role of the balanced scorecard in augmenting financial measures with future financial performance indicators for continuous improvement.

Comprehend the role of managerial accounting in analysis, planning, and control of costs.

Understand the principles of total quality management and its focus on continuous improvement.

Distinguish between the focuses of financial and managerial accounting in terms of organizational level.

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Definitions:

Formal Statement

An official, structured declaration or communication, often documented, which articulates specific information or positions.

Long-range Goals

Objectives or aims set by an individual or organization that are intended to be achieved over an extended period, often several years or more.

Long-term Planning Tools

Instruments or methodologies used to map out a company's long-term goals, strategies, and resource allocation.

Operational Plan

A detailed plan that outlines how an organization's strategic objectives will be achieved through specific actions and resources in the near term.