What Is the Best Definition for Data

question 19

Multiple Choice

What is the best definition for data?

• A) information used to improve business practices
• B) representation of a fact or idea
• C) statement of fact or idea
• D) opinions about the effectiveness of a business
• E) numbers or facts organized to be useful

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Definitions:

Incurred Costs

Expenses that a company has recognized or experienced, usually relating to the goods or services it has consumed or utilized.

Direct Costs

Costs that can be directly traced to the production of specific goods or services, such as raw materials and labor directly involved in manufacturing.

Hand-Painted Clay Figurines

Decorative or collectible items made of clay and finished with hand-applied paint details, often representing characters or scenes.

Fixed Manufacturing Cost

A type of cost that does not change with the level of production output, including costs like rent, salaries, and insurance.