What Types of BI Decisions Include Forecasting Claim Amounts and Medical

question 12

Multiple Choice

What types of BI decisions include forecasting claim amounts and medical coverage costs, classifying the most important elements that affect medical coverage; predicting which customers will buy new insurance policies?

• A)Retail and sales BI decisions
• B)Banking BI decisions
• C)Operations management BI decisions
• D)Insurance BI decisions

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Definitions:

Financial Statements

Reports that provide information about an entity's financial performance and position.

Intracompany Comparability

This term is not commonly used; it may refer to the ability to compare financial information within the same company across different periods or departments.

LIFO

Last In, First Out (LIFO) is an inventory valuation method that assumes the most recently produced or acquired items are the first to be sold, affecting the cost of goods sold and inventory valuation.