If a Company's Strategy Is Properly Aligned with DW and BI

question 35

Multiple Choice

If a company's strategy is properly aligned with DW and BI initiatives,and if the company's IS organization can be made capable of playing its role in such a project,and if the requisite user community is in place and has the proper motivation,then

• A) it is no longer necessary to start BI within the company.
• B) it is wise to start BI and establish a BI Competency Center (BICC) within the company.
• C) the organization is ready for the introduction of new data-generating technologies, such as radio-frequency identification (RFID).
• D) business leaders are required to document their business processes and to sign off on the legitimacy of the information they rely on.

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Definitions:

Special Order Price

The price charged for a product or service that is outside the company's normal scope of work or products; often tailored pricing for a specific customer request.

Variable Costing

A costing method that includes only variable production costs—direct materials, direct labor, and variable manufacturing overhead—in product cost calculation, contrasting with absorption costing that also includes fixed costs.

Product Costs

Costs that are incurred to create a product that is intended for sale to customers. This includes direct materials, direct labor, and manufacturing overhead.

Direct Labor

Costs associated with employees who are directly involved in the production of goods or the provision of services, such as wages for factory workers.