Which of the Following Represents the Types of Data Commonly

question 326

Multiple Choice

Which of the following represents the types of data commonly found in the Operations Management department?

• A) Monetary data
• B) Payroll data
• C) Production data
• D) Employee data

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Definitions:

Insurance

A financial product that provides protection against financial losses from specific risks, such as accidents, theft, or natural disasters.

Depreciation

A method to allocate the cost of a tangible asset over its useful life.

Utilities

Services such as electricity, gas, water, and sewer that are used by businesses and households, often considered basic necessities.

Raw Material

The basic material from which a product is made, typically unprocessed or minimally processed before being used in production.