Which Tool Helps Managers See Patterns in the Data That

question 10

Multiple Choice

Which tool helps managers see patterns in the data that might be difficult to perceive by simply looking at the raw data?

• A) Mental accounting
• B) Physical methods
• C) Data visualization
• D) Confirmation bias

---

Definitions:

Manufacturing Overhead

Costs not directly tied to the production of goods, including rent for factory space and equipment depreciation.

Operating Expenses

These are the costs associated with running the day-to-day operations of a business, excluding the cost of goods sold.

Work In Process

A category of inventory for items that are currently being manufactured but are not yet complete.

Finished Goods Inventory

Refers to the stock of completed products that are ready to be sold but have not yet been sold.