Which of the following statements is true about reporting applications?

$($TCO $3$ and TCO $4)$

Group of answer choices

Reporting applications deliver business intelligence to users as a result of an event or particular data condition.

Reporting applications consist of five standard components: hardware, software, data, procedures, and people.

Two important reporting applications are RFM analysis and OLAP.

Reporting applications produce business intelligence using highly sophisticated operations.