Matching ​Identify the Letters of the Choices That Best Match the the Phrases

question 86

Multiple Choice

Matching
​Identify the letters of the choices that best match the phrases or definitions.
-Could help a consumer products firm identify potential customers based on their prior purchases

• A)​Unified Modeling Language (UML)
• B)​Cardinality
• C)​Foreign key
• D)​Data mining
• E)​​Referential integrity
• F)Subschema
• G)​Extended Binary Coded Decimal Interchange Code (EBCDIC)
• H)Entity
• I)Logical record
• J)Logical storage

Differentiate between favorable and unfavorable variances and understand their implications for managerial decision-making.

Calculate materials quantity and price variances to assess materials efficiency and cost management.

Calculate labor efficiency and rate variances to evaluate the effectiveness of labor utilization and wage rate management.

Compute variable overhead efficiency and rate variances to analyze overhead cost control.

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Definitions:

Current Ratio

A liquidity measure that compares a company's current assets to its current liabilities.

Return-On-Sales Ratio

A financial metric that calculates how efficiently a company is generating profits from its revenue.

ROE

Return on Equity, a measure of financial performance calculated by dividing net income by shareholders' equity.

Inventory Turnover

A financial metric indicating how many times a company has sold and replaced inventory over a given period.