A financial data warehouse provides support for strategic decision making because it
A)consolidates current financial data.
B)contains both current and historical financial data.
C)contains current financial and operational data.
D)summarizes historical data.

Question

Quizplus · Accepted Answer

A financial data warehouse provides support for strategic decision making by containing both current and historical financial data. This allows for analysis of trends and patterns over time, as well as the ability to compare current performance with past performance. Consolidating current financial data and summarizing historical data are important functions of a financial data warehouse, but they alone do not provide the comprehensive support needed for strategic decision making. Additionally, while a financial data warehouse may contain operational data, this is not a defining characteristic of its ability to support strategic decision making.

A Financial Data Warehouse Provides Support for Strategic Decision Making