The management for Lyra Corp. has decided to work towards streamlining processes across many of their divisions. Each department chair must collect data relevant to their unique functions and operations to assist management with constructing ad hoc reports. If management would like to gain insight into their collections processes, then what information would be best to use for this goal?
A) A sample of purchase orders from the shipping department
B) An accounts receivable aging report from the accounting department
C) Customer credit applications obtained from the company's website
D) Customer feedback from a survey sent out from the customer service department

Question

Quizplus · Accepted Answer

This question requires familiarity with data & possible sources and data types that will assist a decision maker as they attempt to achieve certain goals. Choice B is correct because an accounts receivable aging report is the option most likely to provide insight into the company's collections processes currently in place. The remaining choices are incorrect as they provide other insights.

The Management for Lyra Corp