What Is the First Step You Should Take in Managing

question 80

Multiple Choice

What is the first step you should take in managing data for a firm?

• A)Identify the data needed to run the business
• B)Cleanse the data before importing it to any database
• C)Normalize the data before importing to a database
• D)Audit your data quality

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Definitions:

Net

Typically refers to the amount remaining after certain deductions are made, such as net income or net profit.

Variable Cost

Costs that vary directly with the level of production or sales volume, such as raw materials and direct labor.

Carrying Cost

The total cost associated with holding inventory, including storage, insurance, taxes, and potential obsolescence.