Which TWO of the following can big data analytics be used for? To ensure decisions are based on data free from bias O To aid decisions on appropriate product development To inform management of what will happen in the future To forecast conditions which impact costs

Q: Discuss some specific examples in which information systems can reduce time lags and how the firm is…

A: Information system is a type of program or software which helps a firm in organising and analysing…

Q: Which approach to understanding business processes is conducted from a broad organizational…

A: Method of understanding business means how to get know more about our business , how to do business…

Q: What does the following sentence mean? "It is critical to define your product while considering the…

A: "It is critical to define your items before taking into consideration the responses of rivals."When…

Q: How can CVP analysis be used by companies with multiple products?

A: Cost Volume Profit Analysis (CVP Analysis): This analysis is helpful in determining how any type of…

Q: How can we measure the ROI of knowledge Management initiatives in organizations?

A: The question is based on the concept of quantification of impact of expenses made in knowledge…

Q: What is Competitive Advantage b. What is Competitive Disadvantage c. What is Risk Management and…

A: "Since you have posted multiple questions, we will solve first question for you. If you want any…

Q: What type of analytics would encompass creating Key Performance Indicators (KPI’s) from the…

A: Introduction: Customers are driven by key performance indicators (KPIs), which are used by…

Q: Often the direct to business decision is incremental analysis via CVP. why?

A: Incremental analysis:- It is considered as the analysis which include those costs and revenues that…

Q: A. It is claimed that, despite the challenges, engaging with and utilising Big Data is crucial for…

A: Big data analytics assists businesses in harnessing their data and identifying new opportunities. As…

Q: The value chain is all the activities associated with providing a product or service. True or False?

A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…

Q: In relation to entrepreneurship, explain Maslow's hierarchy need theory

A: There are various motivation theories. Maslow theory of motivation is a very famous theory of…

Q: Explain in details what is SWOT analysis. Do SWOT (Strength, Weaknesses, Opportunities, Threats)…

A: SWOT Analysis is basically a parameter by which an organization can judge what is its Competitive…

Q: In AIS, managing and carrying out the systems development life cycle to achieve an intended outcome…

A: The question is asking for the term used in Accounting Information Systems (AIS) to describe the…

Q: business analytics

A: Business analytics can be defined as the breakdown of past information so that future decisions can…

Q: How do managers make decisions toimplement strategy?

A: Managers are able to make better decisions to implement strategy with the help of management…

Q: Discuss the importance of nonfinancial information in measuring investment-center performance.

A: Non Financial Information Non financial information refers to those aspects of business which cannot…

Q: Controls that measure variables that influence future profitability are called Select one: a. output…

A: Controls are necessary part to see whether the plans are going as per direction or not. The controls…

Q: Discuss the basic assumptions of CVP analysis and how we can use CVP analysis in making decisions as…

A: A managerial accounting technique called cost-volume-profit (CVP) analysis is used to examine the…

Q: What are the Alternative Courses of Action to deal with the problems that needs to be identify,…

A:

Q: Project managers expect change and implement processes to keep change managed and controlled. * True…

A: We exist in a world whereby "business as usual" seems associated with change. New proposals, working…

Q: What questions should managers answer when considering outsourcing?

A:

Q: Why does the high cost of the system negatively impact the organization's bottom line?

A: The question is based on the concept of bottom line of a company and its relationship with high cost

Q: Explain why the balanced scorecard is so crucial for optimising return on investment.

A: The balanced scorecard is a strategic management tool that helps organizations to align their…

Q: Why financial analysis is made for evaluation of a system? How is it useful in design?

A: Financial analysis is a process where monetary based transactions such as capital projects,…

Q: 1. Why would a company use CVP analysis?

A: Cost-volume-profit analysis, or CVP, is something companies use to figure out how changes in costs…

Q: The objective of Human resource accounting in the modern organizations is to____ a. Attract the…

A: The correct option is  B. All of the given options

Q: how to exploit the connection between the business cycle and industry analysis?

A: A business cycle can be referred to as an economic cycle of expansion and contraction over a period…

Q: How does Incremental Analysis assist Management in decision making?

A: The financial information needed for decision-making is analyzed using incremental analysis or…

Q: Why management accounting practices is important in conducting turnaround program?

A: Accounting is a science of keeping the business record in a regular and most systematic manner, so…

Q: Describe how Enterprise Risk Management adds more value to an organization than Silo Risk…

A: The act of discovering, assessing, and controlling threats to an organization's capital and revenues…

Q: Identify a value adding activity from twitch value chain and explain why you believe it's adding…

A: A VALUE -ADDED activity is any action taken that increases the benefit of a good or Service's to a…

Computerized Accounting System

The Computerized Accounting System is generally a system of maintaining accounts using computers. In this method of accounting system, the accounting transactions are processed through the use of hardware and software to generate the reports such as journals, ledgers, trial balance, trading account, P/L accounts, balance and other reports.