Business Analysis Is Difficult from Operational Databases

question 255

Multiple Choice

Business analysis is difficult from operational databases.Which of the following is a reason why?

• A) Every department has its own method for recording data
• B) Lack of data standards across departments
• C) The data,if available,were often incorrect or incomplete
• D) All of these choices

---

Definitions:

Equipment

Tangible assets used in operations, such as machinery and computers, which are not intended for sale.

Owner's Equity

Owner's equity is the residual interest in the assets of the entity after deducting liabilities, representing the owner's claim on the business assets.

Income Statement

A report detailing a company's income and expenditures within a certain time frame, leading to a profit or deficit.

Balance Sheet

A report on finance that outlines a firm's assets, debts, and owners' equity at a certain time, offering a framework for determining returns and analyzing its capital composition.