Data That Has Been Specified, Collected, and Recorded by Someone

question 25

Multiple Choice

Data that has been specified, collected, and recorded by someone other than the user are known as

• A)historical data.
• B)external data.
• C)primary data.
• D)secondary data.
• E)tertiary data.

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Definitions:

Effective Capacity

The maximum output level that a facility can realistically achieve under normal operating conditions and constraints.

Utilization

The degree to which a capacity, resource, or system is being used effectively to produce goods or services.

Break-even Point

The point at which total cost and total revenue are equal, meaning the business is neither making a profit nor a loss.