ECONOMICS

COST ACCOUNTING

INFORMATION FOR DECISION MAKING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Being asked to develop a plan to increase international sales of a product is an example of the types of ____ problems that managers must be prepared to deal with.
A
routine
B
unstructured
C
crisis
D
structured
Explanation: 

Detailed explanation-1: -Examples of unstructured data are: Rich media. Media and entertainment data, surveillance data, geo-spatial data, audio, weather data. Document collections.

Detailed explanation-2: -Common examples of applications that rely on structured data include customer relationship management (CRM), invoicing systems, product databases, and contact lists. Unstructured data includes various content such as documents, videos, audio files, posts on social media, and emails.

Detailed explanation-3: -Letters, emails, image files, text files, blogs, and social media posts are examples of unstructured documents.

Detailed explanation-4: -Unstructured data such as social media comments help you gain insight into what consumers like and don’t like about your brand, products, and service. You can then target what to fix, what to sell, and who and how to engage for the best responses.

There is 1 question to complete.