Answer:
The correct answer is True.
Explanation:
The term Business Intelligence (BI) refers to technologies, applications and practices for the collection, integration, analysis and presentation of commercial information. The objective of Business Intelligence is to support better business decision making.
The automatic aspect of Business Intelligence should not go unnoticed. Daily information monitoring allows you to evaluate performance, monitor inventory and track expenses in real time.
Planning strategies without a thorough data analysis is like aiming in the dark. Business intelligence lights the way to make the best decisions in the management of your hotel.
The usefulness of technology to take data from the environment for strategic knowledge is evident as soon as it is launched. By extracting essential data from the environment and presenting it on dashboards, business intelligence allows managers and managers to make informed strategic decisions.
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NOTE: If you need to extend the explanation given, you can make a comment or add a new question. I will be very pleased to help you.
The Cultural and behavioural expectations of studying for a degree in business management is to be able to know the relationship and the culture with respect to behaviors of employees, managers and customers.
<h3>What is cultural behavior in business?</h3>
The cultural behavior in business helps to be familiar with the employees, managers and customers and the relationship between them as regards the culture of the business.
This help to know the team's behavior, as well as setting them up to to record success in workplace.
Learn more about business management on:
brainly.com/question/26106218
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Answer:
Almost every other business in this universe now relies upon group thinking rather than individual approach to anything.
It has several advantages, some of them are pointed out below:
o) Equality bias, when there are group discussion, this means that everyone has a part of say in the final decision and that leads to equality bias, which is beneficial.
o) More alternatives are generated, it is a fact that when an individual takes a decision, he/she is neglecting a lot of other options to explore which could be a lot beneficial for the business.
o) More acceptance of the final decision, Since the final decision taken is with the approval and consent of everyone, there is a possibility that the final decision will be more acceptable.
o) Lastly, It creates Synergy, synergy is the idea that a decision as a whole is better than in parts.
Hope this helps you. Good Luck.
<u>Solution: </u>
The following are the correct and incorrect options
<u>Correct option</u>: Households used to save and those savings are utilized for investment through the intermediaries like bank. Firms and governments take those funds for their investment acts.
<u>Correct option</u>: Foreigner can invest in the US (suppose foreign direct investment) but can’t save here, since there is difference in currency (suppose a foreigner earns in pond can’t save in US dollar).
<u>Other options are not correct:
</u>
<u>Incorrect option</u>: Savings means personal savings, which are not yet kept into a bank.
<u>Incorrect option</u>: such purchases are investments but not savings.
Answer:
The answer is: There are different versions of the retail inventory method.
Explanation:
There are several types of retail inventory method:
- the conventional (lower of average cost or market) method,
- the cost method
- the LIFO retail method
- the dollar value LIFO retail method
The retail inventory method is very useful for large retailers (e.g. grocery stores, hypermarkets, etc.). Its greatest advantage is that the inventory balance can be calculated without a physical count.
