Describe the Two Ways That Semantic Object Views Can Be

question 3

Essay

Describe the two ways that semantic object views can be used.

---

Definitions:

Traceable Costs

Direct costs associated with a specific product, department, or segment that can be directly attributed to that area.

Budget Reports

Financial documents that outline the planned versus actual revenue and expenses over a period.

Managerial Responsibility

The duty and accountability held by managers to make decisions, oversee operations, and ensure the strategic objectives of the organization are met.

Controllable Costs

Expenses that can be directly controlled or influenced by a manager or decision-maker within a certain time frame.