What Is Decision Latency

question 29

Multiple Choice

What is decision latency?

• A) The time duration to make data ready for analysis and loading the data into the database
• B) The time from which data are made available to the time when analysis is complete
• C) The time it takes a human to comprehend the analytic results and determine an appropriate action
• D) None of the choices are correct.

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Definitions:

Practical Standards

Standards that allow for normal machine downtime and other work interruptions and that can be attained through reasonable, though highly efficient, efforts by the average worker.

Standard Quantity

This term refers to the amount of input (materials, labor, etc.) that should be used in the production of a unit of goods under normal conditions.

Standard Price

A pre-determined cost allocated to a single unit of product or service, used for budgeting and performance evaluation.

Ideal Standards

Standards that assume peak efficiency at all times.