Data Analytics Is the Process of Evaluating Data with the Purpose

question 52

True/False

Data analytics is the process of evaluating data with the purpose of drawing conclusions to address business questions.

---

Definitions:

Accounts Receivable Clerks

Employees responsible for managing and tracking the money owed to a business by its debtors.

Total Wages

Represents the cumulative amount of wages paid to all employees over a specific time period.

Standard Cost Formula

A calculation method used to estimate the expected cost of production under normal conditions, including direct materials, labor, and overhead costs.

Total Cost

The complete cost of production, including both fixed and variable costs.