500-215 · Question #37
Which of these are considered historical summary reports?
The correct answer is A. Monthly reports. Monthly reports are historical summary reports because they aggregate and consolidate data from a completed, fixed time period in the past - giving decision-makers a snapshot of what occurred during that month. The key trait is that they summarize historical activity over a…
Question
Which of these are considered historical summary reports?
Options
- AMonthly reports
- BTop N reports
- CAverage reports
- DStatistical reports
How the community answered
(57 responses)- A95% (54)
- B2% (1)
- C4% (2)
Explanation
Monthly reports are historical summary reports because they aggregate and consolidate data from a completed, fixed time period in the past - giving decision-makers a snapshot of what occurred during that month. The key trait is that they summarize historical activity over a defined recurring interval (daily, weekly, monthly, quarterly, etc.).
Top N reports (B) rank or filter records by a metric (e.g., "top 10 customers by revenue") - they identify extremes, not time-based historical summaries. Average reports (C) compute a statistical mean across data points but represent a calculation type, not a report category tied to historical time periods. Statistical reports (D) are a broad analytical category covering variance, distributions, and trends - they can include historical data, but they are not defined by historical summarization.
Memory tip: Think "historical = history = calendar." Reports named after time periods (monthly, weekly, annual) are your go-to historical summary reports because they literally summarize a slice of the past.
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