What Is the Correct Order of the Phases of the Data

question 331

Multiple Choice

What is the correct order of the phases of the data life cycle?

• A) Create, Use, Store, Share, Archive, Destroy
• B) Create, Archive, Store, Share, Use, Destroy
• C) Create, Store, Use, Archive, Share, Destroy
• D) Create, Store, Use, Share, Archive, Destroy

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Definitions:

Adjusted Cost of Goods Sold

The cost of goods sold metric that has been modified for adjustments such as stock variations, returns, or discrepancies.

Standard Cost Variances

The differences between the actual costs incurred and the standard costs previously set for materials, labor, and overhead in manufacturing.

Labor Efficiency Variance

The difference between the actual number of labor hours worked and the standard hours expected, multiplied by the standard labor rate.

Labor Rate Variance

The difference between the actual cost of labor and its expected cost based on standards or budgets.