Allowing Users to Dive Deeper into the View of Data

question 18

Multiple Choice

Allowing users to dive deeper into the view of data with online analytical processing (OLAP) is an important part of:

• A) predictive analytics.
• B) descriptive analytics.
• C) prescriptive analytics.
• D) comparative analytics.

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Definitions:

Conversion Costs

The sum of labor costs and overhead expenses involved in converting raw materials into finished goods.

Physical Units

A measure of actual units or quantity, such as products produced or sold, without considering their monetary value.

Ending Inventory

The final value or amount of goods available for sale by a company at the end of an accounting period.

Equivalent Units

A concept in cost accounting used to allocate costs to partially completed goods, adjusting for the amount of work done.