The Purpose of (A) ________ Is to Extract and Clean

question 86

Multiple Choice

The purpose of (a) ________ is to extract and clean data from operational systems and other sources.

• A) cluster analysis
• B) data mart
• C) data warehouse
• D) regression analysis
• E) data mining

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Definitions:

Total Cost Method

An accounting approach that sums up the direct, indirect, fixed, and variable costs associated with manufacturing a product.

Cost-Plus Approach

A pricing strategy where the selling price is determined by adding a specific markup to a product's cost to ensure profitability.

Markup Percentage

A measure of the difference between the cost of a product and its selling price, expressed as a percentage of the cost.

Markup Percentage

The ratio between the cost of a good or service and its selling price, expressed as a percentage over the cost.