Data from Internal and External Sources Are Stored, Organized, and Managed

question 165

Multiple Choice

Data from internal and external sources are stored, organized, and managed in databases. Collectively, these databases form a

• A) data vault.
• B) data depot.
• C) data storehouse.
• D) data warehouse.
• E) data repository.

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Definitions:

Quantity Variance

The difference between the expected amount of materials or products required for production and the actual amount used, affecting budget or efficiency evaluations.

Direct Materials

Raw materials that are directly traceable to the manufacturing of a product.

Favorable

A term used in accounting and finance to describe a condition or result that is better than expected or budgeted.

Time Variance

The difference between the expected time to complete a task and the actual time taken.