A Derived Element Is One That

question 22

Multiple Choice

A derived element is one that:

• A) is keyed, derived by the users.
• B) has several different meanings, one for each user group.
• C) is created by processes as a result of calculations or a series of decision-making statements.
• D) has the displayed length and the stored length the same.

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Definitions:

Overhead Cost

Expenses related to the day-to-day running of a business that are not directly tied to a specific product or service.

Supply Costs

The expenses incurred in acquiring the materials and services necessary for production or operations.

Square Feet

A unit of area measurement equal to a square that measures one foot on each side, commonly used in the United States.

Spending Variance

is the difference between the actual amount spent on materials, labor, or overhead and the budgeted amount for these items.