Which of the Following Is NOT Among the Three Broad

question 2

Multiple Choice

Which of the following is NOT among the three broad categories of analytic methods?

• A)Predictive analytics
• B)Prescriptive analytics
• C)Productive analytics
• D)Descriptive analytics

---

Definitions:

Cost Of Goods Manufactured

The total cost incurred to produce goods that are completed and ready for sale during a specific period.

Direct Labour

Labor costs associated with employees who are directly involved in the production of goods or services.

Manufacturing Overhead

Indirect factory-related costs that cannot be directly traced to a specific product, including salaries of supervisors, rent, and utilities of the factory.

Opportunity Cost

Opportunity cost represents the value of the best alternative that is foregone when a particular decision is made, indicating the cost of missed opportunities.