Why should accountants understand the difference between structured and unstructured data?
A) Structured data is difficult to collect and unstructured data is easy of collect.
B) Structured and unstructured data may be used by accountants to support decision making and analysis.
C) Unstructured data is often represented with pictures.
D) Structured data contains all the data of an organization.

Question

Quizplus · Accepted Answer

Structured and unstructured data both play crucial roles in accounting for decision making and analysis. Structured data is highly organized and easily searchable, making it ideal for quantitative analysis, while unstructured data, which includes text, images, and other non-quantifiable information, can provide qualitative insights. Understanding both types allows accountants to leverage a broader spectrum of data for comprehensive analysis.

Why Should Accountants Understand the Difference Between Structured and Unstructured