Business Analysis Is Difficult from Operational Databases

question 255

Multiple Choice

Business analysis is difficult from operational databases.Which of the following is a reason why?

• A) Every department has its own method for recording data
• B) Lack of data standards across departments
• C) The data,if available,were often incorrect or incomplete
• D) All of these choices

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Definitions:

Variable Cost

Costs that vary directly with the level of production or service delivery.

Total Cost

The sum of all costs incurred by a business to produce a specific amount of goods or services, including fixed and variable costs.

Average Variable Cost

The total variable costs (costs that change with the level of output) of production divided by the quantity of output produced.

Marginal Cost

The financial outlay for producing an incremental unit of a product or service.