What Is Structured Data

question 127

Multiple Choice

What is structured data?

• A)has a defined length, type, and format and includes numbers, dates, or strings such as Customer Address
• B)created by a machine without human intervention
• C)data that humans, in interaction with computers, generate
• D)not defined, does not follow a specified format, and is typically freeform text such as emails, Twitter tweets, and text messages

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Definitions:

Variable Overhead Efficiency Variance

The difference between the actual hours taken to produce a good and the standard hours expected, multiplied by the variable overhead rate.

Favorable

A term often used in financial and operational reporting to indicate better-than-expected performance or results.

Unfavorable

A situation or condition that is disadvantageous, harmful, or detrimental, often used in financial contexts to describe variances or outcomes that negatively impact performance.

Labor Rate Variance

The difference between the actual labor rate paid and the standard labor rate expected, multiplied by the actual hours worked.