Which of the Statements Regarding a Data Warehouse Is Incorrect

question 25

Multiple Choice

Which of the statements regarding a data warehouse is incorrect?

• A)It is a centralized collection of firm-wide data.
• B)The purpose of a data warehouse is to provide a rich data set for management to identify patterns and to examine trends of business events.
• C)Includes data for the current fiscal year only.
• D)The data in a data warehouse is pulled from each of the operational databases periodically.

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Definitions:

Conversion Costs

The total expenses of direct labor and manufacturing overhead that are necessary to transform raw materials into completed goods.

Equivalent Units

A concept used in cost accounting to express the amount of materials, labor, and overhead a company has applied to produce partially completed goods in terms of fully completed units.

Work In Process

Inventory that includes materials that have been partially processed but are not yet completed products.

Conversion Costs

The costs necessary to convert raw materials into finished products, usually consisting of labor and overhead expenses.