Question

Which of the following tools help in periodic managerial decision- making?

A. Database
B. OLAP
C. OLTP

Answer 1

Database, OLAP, and OLTP are tools that help in periodic managerial decision-making by providing relevant and accurate data.

Step-by-step explanation:

Periodic managerial decision-making requires tools that provide relevant and accurate data. In this context, the following tools are helpful:

1. Database: A database is a collection of organized data that can be used to store, manage, and retrieve information. It allows managers to access and analyze data to make informed decisions. For example, a database can store sales data, customer information, and financial records.
2. OLAP (Online Analytical Processing): OLAP is a technology that enables users to access and analyze large volumes of data from different perspectives. It allows managers to analyze data using dimensions such as time, location, and product. For instance, a manager can use OLAP to generate reports on sales trends over time or compare product performance.
3. OLTP (Online Transaction Processing): OLTP systems are designed to process and record day-to-day transactions in real-time. While primarily used for operational purposes, OLTP data can also be used for managerial decision-making. For instance, a manager can use transactional data to track inventory levels or identify customer buying patterns.