ECONOMICS

COST ACCOUNTING

INFORMATION FOR DECISION MAKING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What integrates information from multiple components and tailors the information to individual preferences?
A
Drill-down
B
Sensitivity analysis
C
What-if analysis
D
Digital dashboard
Explanation: 

Detailed explanation-1: -A common feature of EIA is digital dashboard. Digital dashboards integrate information from multiple components and tailor the information to individual preferences.

Detailed explanation-2: -Sensitivity analysis Enables users to get details, and details of details, of information.

Detailed explanation-3: -Perspective-taking is the act of perceiving a situation or understanding a concept from an alternative point of view, such as that of another individual. A vast amount of scientific literature suggests that perspective-taking is crucial to human development and that it may lead to a variety of beneficial outcomes.

Detailed explanation-4: -To slice and dice is to break a body of information down into smaller parts or to examine it from different viewpoints so that you can understand it better. The term has its roots in cooking and describes two types of knife skills every chef needs to master.

Detailed explanation-5: -Machine learning is one of the most common types of AI in development for business purposes today. Machine learning is primarily used to process large amounts of data quickly.

There is 1 question to complete.