Which type of data can be used by a business to support managerial analysis tasks and organizational decision making?
- transactional data
- analyzed data
- saved data
- raw data
Explanation: Refer to curriculum topic: 3.1.3
There are two primary types of processed data, transactional and analytical. Transactional information is captured and processed as events happen. Transactional information is used to analyze daily sales reports and production schedules to determine how much inventory to carry. Analytical information supports managerial analysis tasks like determining whether the organization should build a new manufacturing plant or hire additional sales personnel.
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