COST ACCOUNTING
INFORMATION FOR DECISION MAKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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People need to be convinced to trust data as well as informed recommendations. Without a desire to change, most people will revert to their preferred approach.
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True
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False
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Sometimes
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Maybe
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Explanation:
Detailed explanation-1: -Conclusion: data analytics is key to making good decisions Through data analytics techniques, it is possible to interpret raw information to detect trends or discover revelations that will help in decision making to achieve business success.
Detailed explanation-2: -One benefit big data and business analytics can help improve decision making is by identifying patterns. Identifying problems and providing data to back up the solution is beneficial as you can track whether the solution is solving the problem, improving the situation or has an insignificant effect.
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