Which of the Following Is an Objective of Derived Data

question 28

Multiple Choice

Which of the following is an objective of derived data?

• A) Ease of use for decision support systems
• B) Faster response time for user queries
• C) Support data mining applications
• D) All of the above

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Definitions:

Trial Balance

A bookkeeping report that lists the balances of all ledgers in two columns, debit and credit, ensuring that the total debits equal total credits, which is crucial for the accuracy of financial statements.

Supplies

Items used in the operation of a business but not directly associated with the production of goods or services, such as office materials or cleaning supplies.

Adjusted Trial Balance

A list of all the accounts of a company, showing their balances after adjustments, used to prepare financial statements.

Balance Sheet

A financial statement that presents a company's financial position at a given point in time, showing assets, liabilities, and shareholders' equity.