Decision Making Using Analytics Is Viewed as

question 10

Multiple Choice

Decision making using analytics is viewed as

• A) prescriptive (use of mathematical models to optimize decisions).
• B) predictive (use of data to predict what is likely to happen).
• C) descriptive (use of data to summarize the present situation).
• D) all of the above.

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Definitions:

Gain or Loss

The financial result from selling an asset for more (gain) or less (loss) than its carrying amount on the books.

Disposal

The process of getting rid of an asset, including selling, scrapping, or another method of removal from the company's possession.

Accumulated Depreciation

The total amount of a tangible asset's cost that has been allocated as depreciation expense over its useful life up to a specific date.

Residual Value

The projected worth of a tangible asset upon reaching the conclusion of its operational lifespan.