What type of analytics answers the question What action should be taken? a. Descriptive b. Diagnostic c.
Question:
What type of analytics answers the question “What action should be taken?”
a. Descriptive
b. Diagnostic
c. Predictive
d. Prescriptive
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 90% (11 reviews)
Answered By
Ashok Kumar Malhotra
Chartered Accountant - Accounting and Management Accounting for 15 years.
QuickBooks Online - Certified ProAdvisor (Advance - QuickBooks Online for 3 years.
5.00+
3+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
What action should be taken when a tax rate or tax rule changes? Why?
-
Prosci's change management methodology is developed based on research with over 3,400 participants over the last twenty years. What is unique about the methodology is that it comes from real project...
-
What type of analytics help did Cabelas get from their efforts? Can you think of any other potential benefits of analytics for large-scale retailers like Cabelas?
-
Kaspar Corporation makes a commercial-grade cooking griddle. The following information is available for Kaspar Corporation's anticipated annual volume of 25,600 units. Per Unit Total Direct materials...
-
An auditor has been assigned to audit the accounts payable of a high risk audit client. Control risk is assessed as high, management integrity is marginal, and the company is near violation of...
-
Cotton Company uses the percentage of sales approach to record bad debt expense for its monthly financial statements and the percentage of receivables approach for its year-end financial statements....
-
Chicago Prime Packers Inc. was a US corporation with its principal place of business in Colorado. Northam Food Trading Company was a Canadian corporation with its principal place of business in...
-
The Newburg Flyers operate a major sports franchise from a building in downtown Newburg. The building was built in 1940 at a cost of $5,000,000 and is fully depreciated so that it is shown on the...
-
Consider the following ridiculously simple linear system: 10 (9)(2)-(0) a. What is the solution of this linear system? You don't have to show your work. b. Set up a Neumann iteration with initial...
-
V, K and G are partners in VKG Partnership. Their profit ratio is 5:3:2 while their original capital interest ratio is 4:4:2. On July 1, 2015, P was admitted by the partnership for 20% interest in...
-
What does a slicer do when used in a pivot table in Excel? a. The slicer will filter results that are shown in the pivot table based on user choice. b. The slicer will remove results from the data....
-
Indicate which type of analytics, predictive or prescriptive, is most likely being described by each of the following independent statements. 1. Provides insights on how to deal with expected cash...
-
What is consumption? Provide three examples of something you have consumed recently, and illustrate the concept of consumption with each example.
-
The projects cost of capital is 15%. What are Project Ps regular and discounted paybacks? (3.10, 3.55) If the company requires a payback of 3 years or less, would the project be accepted? Would this...
-
Use the DuPont equation to show how working capital policy affects a firms expected ROE.
-
Is it possible for the AFN to be negative? If so, what would this indicate? If the key ratios are expected to remain constant, the AFN equation can be used to forecast the need for external funds....
-
Investors require an 8% rate of return on Mather Companys stock (i.e., r s = 8%). a. What is its value if the previous dividend was D = $1.25 and investors expect divi- dends to grow at a constant...
-
Kahn Inc. has a target capital structure of 60% common equity and 40% debt to fund its $10 billion in operating assets. Furthermore, Kahn Inc. has a WACC of 13%, a before-tax cost of debt of 10%, and...
-
Ritz Company had the following shares outstanding and retained earnings at December 31, 2015: Preferred shares, 8% (par value $ 25; outstanding, 9,000 shares) ..... $ 225,000 Common shares...
-
The vapor pressure of the liquid NH, is measured at different temperatures. The following vapor pressure data are obtained. Temperature, K P, mmHg 217.1 223.4 234.7 588.1 Calculate the enthalpy of...
-
Two Lizards is a specialty pet gift store selling exotic pet- related items through its website. Two Lizards has no physical store; all sales are through its website. Results for last year are shown...
-
Hatcher Carriage Company offers guided horse- drawn carriage rides through historic Columbus, Georgia. The carriage business is highly regulated by the city. Hatcher Carriage Company has the...
-
Huntington Manufacturing manufactures a single product that it will sell for $ 69 per unit. The company is looking to project its operating income for its first two years of operations. Cost...
-
Balance of Payments What is the basic accounting principle behind balancing the Balance of Payments account?
-
You are a small manufacturer who spent $125,000 to produce your product last month. You already had $33,000 in finished goods in inventory and you ended the month with $40,000 worth of finished...
-
Why is the co-insurance factor on basic dental services high at 80 to 100%?
Study smarter with the SolutionInn App