Which of the Following Is a Potential Feature of a Digital

question 228

Multiple Choice

Which of the following is a potential feature of a digital dashboard?

• A)A hot list of KPIs refreshed every 15 minutes
• B)A running line graph of planned versus actual production for the past 24 hours
• C)A graph of stock market prices
• D)All of the above

Recognize the significance of fair pricing and its perception among businesses and consumers.

Grasp the concept of depreciation and its relevance to business finances.

Appreciate the importance of income statements in evaluating business performance.

Differentiate between cost-led pricing and value-based pricing strategies.

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Definitions:

Standard Rate (SR)

Standard Rate (SR) refers to a predefined or established cost or value used in financial and operational calculations, often applied in budgeting and cost accounting.

Actual Hours (AH)

The real number of hours worked or required to complete a specific task or project, as opposed to estimated or planned hours.

Standard Hours (SH)

Standard Hours (SH) refer to the estimated time considered necessary to perform a task or produce a good under normal conditions, used for planning and efficiency analysis.

Materials Price Variance

The difference between the actual cost of materials used in production and the standard cost of those materials.