Question

A data warehouse or infobarn ________.

A) is reserved for exclusive use by the CFO
B) is primarily used for financial reporting purposes
C) stores information used by different managers for multiple purposes
D) gathers only nonfinancial information

Answer 1

A data warehouse is a repository for storing information from multiple sources that is used by various managers within an organization for a multitude of purposes, not restricted to financial reporting or exclusive use by any single executive such as the CFO.

Step-by-step explanation:

The question concerns the functions and purposes of a data warehouse or infobarn. The correct answer is: 'A data warehouse or infobarn stores information used by different managers for multiple purposes.' This means that it is a centralized repository for data collected from different sources within an organization, which is then used for reporting, analysis, and supporting decision-making across various departments, not just for financial reporting.

Data warehouses are designed to manage and store large volumes of data to support business intelligence activities including analytics, data mining, and reporting. They facilitate the consolidation of data from multiple sources, which can then be used to generate insights and inform strategy and operations. By design, they are meant to be multidimensional, serving across an organization's various functional areas.