The Time It Takes to Collect and Process Data Is

question 110

Multiple Choice

The time it takes to collect and process data is the biggest source of which lag?

• A) implementation lag
• B) recognition lag
• C) government lag
• D) impact lag

---

Definitions:

Contribution Margin

The difference between sales revenue and variable costs, indicating how much revenue contributes to covering fixed costs and generating profit.

Indirect Expenses

Indirect expenses are costs that cannot be directly attributed to a specific cost object, such as overhead or administrative expenses.

Direct Expenses

Direct expenses are costs that can be directly tied to the production or procurement of specific goods or services, such as raw materials and labor.

Direct Expense

Costs that can be directly traced to a product, service, or project, such as raw materials and labor.