What Focuses on Using Data Patterns to Make Forward-Looking Predictions

question 9

Multiple Choice

What focuses on using data patterns to make forward-looking predictions to explain to the organization where it is headed?

• A) Distributed computing
• B) Advanced analytics
• C) Analysis paralysis
• D) Data artist

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Definitions:

Factory Overhead

Indirect manufacturing costs not directly tied to production, including maintenance, utilities, and equipment depreciation.

Direct Labor

The wages or salaries paid to employees directly involved in the production of goods or services.

Finished Product

An item that has undergone the entire manufacturing process and is available for purchase.

Total Quality Management

A management approach focused on continuous improvement of processes, products, and services through employee involvement and customer feedback.