M/C Most Data Extraction and Analysis Tools Can

question 8

Multiple Choice

M/C Most data extraction and analysis tools can:

• A) retrieve, sort, and filter data.
• B) extract, and analyze data from accounting databases.
• C) identify gaps, duplicates, missing information, and statistical anomalies.
• D) All of the above are correct answers.

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Definitions:

Supply Chain Management

The administration of the movement of products and services encompassing every process that turns raw materials into finished goods.

Purchasing

The process of obtaining goods or services, typically for business purposes, by paying a price or agreeing to a contract.

Transportation

The action of moving people or goods from one location to another using various modes such as by road, rail, air, or sea.

Support Activities

Functions or tasks in an organization that, while not directly involved in the primary process of products or services creation, provide essential support to enhance efficiency and effectiveness.