An Example of a One-Time Expense for a Shoe Factory

question 42

Multiple Choice

An example of a one-time expense for a shoe factory would be buying:

• A) a sewing machine, and would be included in total cost.
• B) a sewing machine, and would be excluded from total cost.
• C) leather to make the shoes, and would be included in total cost.
• D) leather to make the shoes, and would be excluded from total cost.

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Definitions:

Evidence-based Medicine

A clinical practice approach that emphasizes the use of current best evidence in making decisions about the care of individual patients.

Moneyball

refers to the strategy of using advanced statistical analysis and empirical data to make decisions, especially in the context of sports team management.

Big Data

Extremely large data sets that may be analyzed computationally to reveal patterns, trends, and associations, especially relating to human behavior and interactions.

Analytics

Finding meaningful patterns in large datasets.