The Process Business Use to Uncover New Insights in Data

question 6

Multiple Choice

The process business use to uncover new insights in data that can lead to substantial savings and/or revenue growth opportunities is called:

• A) data processing.
• B) data management.
• C) data mining.
• D) transaction processing.
• E) information management.

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Definitions:

Accounting Records

Documented evidence of a business's financial transactions, used for tracking and reporting purposes.

Current Year

The ongoing calendar year or fiscal year in which a business is operating.

FOB Shipping Point

A term used in shipping contracts indicating that the buyer is responsible for the goods and the shipping cost from the moment they leave the seller's premises.

Physical Inventory

The process of counting by hand the actual inventory available in a business at a specific time, typically done periodically.