What Is Biased Data? Many Fast Food Restaurants Measure Customer

question 25

Essay

What is biased data? Many fast food restaurants measure customer satisfaction after customer make a purchase.Explain how biased data could be an issue for fast food restaurants.

Assess the financial outcomes of adding or dropping a product line based on relevant and irrelevant costs.

Understand the concept of differential cost and how it applies to business decisions.

Analyze the financial advantage (disadvantage) of discontinuing a product, service, or segment.

Understand the concept of outsourcing and make-or-buy decisions.

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Definitions:

Firewall

A software program or hardware device designed to prevent unauthorized access to computers or networks.

Media Access Control (MAC)

A unique identifier assigned to network interfaces for communications on the physical network segment.

Physical Address

A unique identifier assigned to each network interface on a network. It's also known as a MAC (Media Access Control) address in the context of networking.

Network Adapter

A device that enables the computer (or peripheral) to communicate with the network using a common data communication language, or protocol.