A Business Intelligence System (BIS)in Conjunction with Business Research Often

question 24

Multiple Choice

A business intelligence system (BIS) in conjunction with business research often has the task of:

• A) Create an platform for surveillance of corporate competitors.
• B) Discovering opportunities that influence strategic decisions.
• C) Generate numerous elements of data organized for retrieval.
• D) Relying heavily on those methodologies that proved themselves in the last several decades of the 20^th century-surveys and focus groups.
• E) None of the above.

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Definitions:

Job-Order Costing

A costing method used in manufacturing, where costs are assigned to specific jobs or batches, ideal for customized orders.

Custom Jewelry

Jewelry pieces that are specially designed and crafted according to the specifications provided by a customer.

Weighted-Average Method

This inventory costing method assigns the average cost of goods available for sale during the period to both ending inventory and cost of goods sold.

Equivalent Unit

A calculation used in cost accounting that converts partially completed goods into a number of complete units of output, helping in the costing process of production.