The Process of Changing Data from Their Original Form to a Format

question 52

True/False

The process of changing data from their original form to a format that more closely fits the objectives of the research study is called data transformation.

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Definitions:

Direct Labor

The labor cost directly associated with the production of goods, including wages for workers who physically convert materials into the finished product.

Raw Materials

The basic materials from which products are made, typically not yet processed or used in manufacturing.

Finished Products

Goods that have completed the manufacturing process but have not yet been sold or distributed to end customers.

Labor Costs

The total expenditure incurred by employers to compensate employees, including wages, salaries, benefits, and taxes.