Data Analytics Are Being Used by Corporations to Understand Their

question 25

Multiple Choice

Data Analytics are being used by corporations to understand their customer purchasing patterns.This is an example of which segment of the general environment?

• A) economic
• B) demographic
• C) technological
• D) political and legal

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Definitions:

Financial Reporting System

A structured process of collecting, processing, and presenting financial data about an organization, used to produce statements that disclose the company’s financial status to stakeholders.

Applicable Tests

Specific criteria or examinations applied to determine compliance with regulations, standards, or conditions.

Reportable Segments

Components or segments of a business that must be separately disclosed in financial reports because they represent a significant portion of the business's operations or financial outcomes.

Operating Segments

Components of a business for which separate financial information is available and is evaluated regularly by the chief operating decision-maker in deciding how to allocate resources and assess performance.