As a Manager,what Type of Problems Would Indicate That You

question 9

Multiple Choice

As a manager,what type of problems would indicate that you could benefit from a BI solution?

• A)Not having the right data
• B)Low demand products
• C)Slow network speeds
• D)High fixed costs

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Definitions:

Subjective Estimates

Judgments or opinions used in decision-making or accounting that are based on personal feelings or beliefs rather than on precise measurement.

Financial Accounting

The field of accounting that focuses on the summary, analysis, and reporting of financial transactions pertaining to a business to external users.

Managerial Accounting

The area of accounting focused on providing financial data and advice to company managers for decision-making purposes.

GAAP

Generally Accepted Accounting Principles encompass a series of standard accounting practices and rules for the creation of financial reports.