One Way Business Intelligence Tools Are Used Is for Performing

question 93

Multiple Choice

One way business intelligence tools are used is for performing ________,which helps expose trends,patterns,and relationships within the data that might have otherwise remained undetected.

• A)action queries
• B)data warehousing
• C)data mining
• D)data archiving

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Definitions:

Equivalent Units of Production

A concept in cost accounting used to assign costs to partially completed goods, calculated by taking the number of units in the production process and converting them into a number of completed units.

Conversion Cost

The combined total of labor and manufacturing overhead costs necessary to convert raw materials into finished products.

Direct Materials

Raw materials that can be directly traced to the manufacturing of a product in terms of cost and physical presence.

FIFO Method

An inventory valuation method where the first items added to inventory are considered the first sold.