The Types of Continuous Data That End Up in a Decision

question 40

True/False

The types of continuous data that end up in a Decision Support System (DSS)are often referred to as primary data.

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Definitions:

Standard Rate

A predetermined cost or price used as a benchmark for evaluating the efficiency or effectiveness of operations.

Spending Variance

The difference between the actual amount spent and the budgeted amount for a specific period, indicating under or overspending.

Variable Overhead

Costs that change with the level of production or service activity.

Activity Level

A metric indicating the volume or intensity of operations in a company, affecting its costs and resources.