Which of the Following Refers to Skills,technologies and Practices for Continuous

question 175

Multiple Choice

Which of the following refers to skills,technologies and practices for continuous iterative exploration and investigation of past business and performance to gain insight and drive business planning?

• A) descriptive analytics
• B) predictive analytics
• C) business analytics
• D) prescriptive analytics

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Definitions:

Unit Variable Cost

The cost that varies with each unit produced, including materials, labor, and other expenses directly tied to production volume.

Minimum Required Rate Of Return

This is the lowest acceptable return on an investment, determined by the investor's risk tolerance, inflation expectations, and the opportunity cost of capital.

Total Fixed Costs

The sum of all costs that do not change with the level of production or sales over a certain period, such as rent, salaries, and insurance.

Average Operating Assets

The average value of the assets used in the normal operations of a business, calculated over a specific period.