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.

Recognize the advantages and disadvantages of implementing an ERP system in an organization.

Understand the process and benefits of batch processing and real-time processing (OLTP) in transaction management.

Understand the calculation and interpretation of financial ratios.

Understand the principles of liquidity and how transactions affect it.

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Definitions:

Pension Benefits

Payments made from a retirement plan, often based on years of service and salary history, made to eligible employees after retirement.

Workers' Compensation Statutes

Laws that provide financial compensation and medical care for workers who are injured or become ill as a direct result of their job, regardless of fault.

Independent Contractors

Individuals or entities hired to perform specific tasks or services for another entity as non-employees, often with their own tools, and responsible for their own tax obligations.

Domestic Employees

Domestic employees are workers employed within a household, performing tasks such as cleaning, cooking, and caregiving, typically on a personal or private basis.