What Type of Analytics Seeks to Recognize What Is Going

question 1

Multiple Choice

What type of analytics seeks to recognize what is going on as well as the likely forecast and make decisions to achieve the best performance possible?

• A)descriptive
• B)prescriptive
• C)predictive
• D)domain

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Definitions:

Bad Debts Expense

An expense account to record accounts receivable that a company does not expect to collect.

Allowance for Doubtful Accounts

A contra-asset account designed to predict the value of receivables that are expected to be uncollectible.

Direct Method

A cash flow statement preparation approach that lists major cash receipts and payments during the period.