For Complex Models,analysts Can Choose Computer-Based Modeling Tools That Use

question 46

Multiple Choice

For complex models,analysts can choose computer-based modeling tools that use _____,which includes standard shapes and symbols to represent events,processes,workflows,and more.

• A) electronic data interchange (EDI)
• B) joint application development (JAD)
• C) business process modeling notation (BPMN)
• D) rapid application development (RAD)

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Definitions:

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including materials and labor.

Underapplied Overhead

When the actual manufacturing overhead costs are higher than the overhead allocated to products or services.

Actual Overhead Cost

The real expenses occurring from indirect costs, such as utilities, rent, and administrative expenses, necessary for running a business.

Indirect Labor Costs

Wages paid to employees who are not directly involved in production work but who support the production process.