Prescriptive Analytics Is the Process of Using Data To

question 32

Multiple Choice

Prescriptive analytics is the process of using data to.

• A) analyze trends.
• B) predict what will happen in the future.
• C) determine the break-even point.
• D) solve linear programming problems.
• E) determine the best course of action for the future.

---

Definitions:

Financial Advantage

The benefit gained from making a particular financial decision, often represented by gains in revenue or reductions in costs.

Traceable Fixed Costs

Constant expenses directly associated with a particular product line or business division.

Net Operating Income

The total profit of a company after operating expenses are subtracted from operating revenues but before incomes and taxes are accounted for.

Total Common Corporate Costs

The aggregate of all expenses shared across departments within a corporation, not directly attributed to specific departments or products.