Which of the following does NOT describe the purpose of dashboards?Group of answer choicesAre tailored to specific usersEmphasize operational performance and actionsOften allow users to "drill-down" to underlying dataUpdate monthly as part of the financial close process
Question
Which of the following does NOT describe the purpose of dashboards?Group of answer choicesAre tailored to specific usersEmphasize operational performance and actionsOften allow users to "drill-down" to underlying dataUpdate monthly as part of the financial close process
Solution
The statement that does NOT describe the purpose of dashboards is "Update monthly as part of the financial close process". Dashboards are typically designed to provide real-time or near real-time updates, not just monthly updates. They are meant to provide quick, easy-to-understand views of key performance indicators relevant to a particular objective or business process.
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What is an example of a data source a company might use with a dashboard?How would a company benefit from a dashboard that uses this data?What industries or businesses might benefit from using dashboards more than others?Now, write 2-3 sentences (40-60 words) in response to each of these questions.
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