When information is manipulated to create business intelligence, this is called Online Analytical Processing (OLAP).
<h3>What is OLAP?</h3>
- Allows for one to make strategic decisions based on various information concerning the business.
This allowance is made because the information involved in manipulated to give out different variables that can show a company which decisions to make.
In conclusion, this is Online Analytical Processing.
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Answer: b. Open Item
Explanation:
The statement that Heather wants to help a client send out is to include unpaid invoices, unapplied payments, and Credit Memos which are essentially signs that the creditor has not been paid.
An open item statement would therefore work best because it is to include open accounts that are yet to be paid so will include all those entries described above.
Answer:
In the given context, the correct definition for an employee, would be that of an individual who executes orders to buy and sell for clients of his or her brokerage firm.
Explanation:
An employee is a person who is hired by an employer to execute functions that are necessary to his organization's full operation. In the context of the stockmarket, an employee of a company would not trade for his or her account, but for his employer's account, following their policies and intentions. Therefore, an employee is an individual who executes orders to buy and sell for clients of his or her brokerage firm.
Backdating is when the effective dates on stock options were deliberately changed for the purpose of securing extra pay for management.
Backdating is the practice of amending the date of a contract, a legal document, or a cheque to a preceding date. changing the date on this sort of record to misrepresent any data makes this practice unlawful in some cases.
Backdating is the practice of marking a cheque, settlement, or other legally binding settlement with a date this is prior to the contemporary date. Backdating is typically no longer allowed and even can be illegal or fraudulent in a few conditions.
And public organizations responsible for backdating may additionally violate federal securities disclosure and reporting necessities, exposing themselves to regulatory or criminal investigations as well as securities fraud litigation. If you decide to award backdated stock options, touch us about a way to do it in the right manner.
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