Analytical Skills

question 71

Multiple Choice

Analytical skills:

• A) help you work with end users, as well as other analysts and programmers.
• B) help you understand the potential and the limitations of information technology.
• C) help you manage projects, resources, risk, and change.
• D) enable you to understand the organization and its functions, to identify opportunities and problems, and to analyze and solve problems.
• E) promote an understanding of the different types of information systems.

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Definitions:

Direct Materials Cost

The expense of raw materials and components directly used in the production of a product.

Sales

The activities involved in selling products or services, including marketing, negotiation, and transaction processes.

Desired Profit

The amount of net income that a company aims to achieve within a specific period.

Contribution Margin Ratio

The contribution margin ratio is a financial metric that measures the proportion of revenue that exceeds total variable costs, indicating how much of each sale contributes to covering fixed costs.