Refer to IT's About Business 12

question 5

Multiple Choice

Refer to IT's About Business 12.1 - Analytics Helps Farmers: _______ is a method or technique that has consistently shown superior results to those achieved with other means;

• A) Business Analytics
• B) Benchmarking
• C) A Best Practice
• D) Online Transaction Processing
• E) Online Analytical Processing

---

Definitions:

Licensing Agreement

A legal contract between two parties, where one party gives the other permission to use its brand, patent, or proprietary information under agreed terms.

Fees for Service

Charges imposed for specific services provided by professionals or organizations, often based on the service's complexity or the time required to perform it.

Earned Income

Income generated from the sale of goods and services, distinguishing it from donations or grants in nonprofit organizations.

Feasibility Study

An analysis conducted to assess the practicality and potential success of a proposed project or venture, considering factors like economic, technological, legal, and scheduling constraints.