What type of data does ECC extract from GFEBS to BI?

Study for the Budget Plan and Program Process Exam. Use flashcards and multiple-choice questions with detailed hints. Ace your exam efficiently!

The correct choice is B, which refers to the extraction of master and transactional data from GFEBS (General Fund Enterprise Business System) to BI (Business Intelligence). Master data in this context typically includes essential information such as accounts, cost centers, and organizational structures that remain relatively stable over time. Transactional data encompasses the financial transactions and activities that occur within the GFEBS, such as budget allocations, expenditures, and financial reporting.

This combination of master and transactional data is crucial for generating real-time insights and business analytics in BI, enabling organizations to make informed decisions based on comprehensive financial information. By utilizing the structured nature of master data alongside the dynamic nature of transactional data, BI can effectively support the budgeting and financial management processes, leading to improved operational efficiency.

The other options do not fit the context of data extracted to BI from GFEBS. Confidential personnel records relate to sensitive human resource information, which is typically not integrated into financial intelligence systems. External market analysis involves data from outside the organization, such as market trends or competitor performance, which is also not the core focus of GFEBS. Historical financial trends, while useful for analysis, do not represent the real-time data functionality that GFEBS offers through its master and transactional data capabilities.

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