As practitioners increase their knowledge in data analytics, some companies have moved towards collecting information in new and different ways. Additionally, decision makers have taken their newly collected data and devised ways that it can benefit the organization the most. Which of the following is an example of a way that organizations use data analytics in cost accounting decisions?
A) Addressing Supply Chain Problems
B) Eliminating Value-Added Activities
C) Performance Evaluation
D) Strategy Deformation

Question

Quizplus · Accepted Answer

This question requires familiarity with ways data analytics can assist with cost accounting decisions. Choice C is correct because performance evaluation is an accurate example of a way data analytics assist with cost accounting decisions. The remaining choices are incorrect because they are all incorrect variations of accurate ways that this can be accomplished.

As Practitioners Increase Their Knowledge in Data Analytics, Some Companies