Given the Following List 2 - Uescriptians
1

question 160

Essay

Given the following:
$\begin{array}{l}\underline{\text { List } 1 \text { - Terms }}\\\begin{array}{llll}\text { A. } & \text { data mining } & \text { F. } & \text { group support system } \\\text { B. } & \text { data warehousing } & \text { G. } & \text { intelligent agent } \\\text { C. } & \text { decision support system } & \text { H. } & \text { knowledge managemen } \\\text { D. } & \text { executive information system } & \text { I. } & \text { neural network } \\\text { E } & \text { expert system } & &\end{array}\end{array}$
List 2 - Uescriptians
1. This applies expertise extracted frum a human expert to provide specific recommendations an problems or decisians.
2. These systems are mainly about collecting and presenting informatian and often have the ability to drill down.
3. This is a computer hardware and software system that minics the human brain's ability to recoprize patterns ar predict autcomes using less-than-camplete infarmatian.
4. This is a computer-based system that supports callaborative intellectual wark such as idea generation, elaboration, analysis, syrthesis, information sharing and decision maling
5. This is a saftware progarn that may be integrated into a decision support system ar ather software tadl (such as ward pracessing spreadsheet ar database packages).
6. A spreadsheet is a typical campanent of this system.
7. This is the process of capturing storing retrieving and distributing the knowledge of the indididals in an arganization for use by athers in the argarization to improve the quuality and efficiency of decision making across the firm.
8. This is the use of information systems facilities to facus on the collection arganization, integation, and long-term storage of entity-vide data.
9. This is used to better understand an arganization's business proces5es, trends writhin these praces5e5, and potential apporturities to inprove the effectiveness and efficiency of the argarization. Required:
On your solution sheet, list the numbers 1 through 9 from List 2. Next to each number, show the capital letter from List 1 that best fits the description from List 2.

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Definitions:

Direct Materials Quantity Variance

The difference between the actual quantity of direct materials used in production and the standard quantity expected, multiplied by the standard cost per unit.

Direct Materials Price Variance

It measures the difference between the actual cost and the standard cost of direct materials used in production, indicating how effectively a company is purchasing its raw materials.

Actual Costs

The actual expenses incurred in the production or acquisition of goods and services, as opposed to estimated or standard costs.

Standard Cost

An estimated or predetermined cost of performing an operation or producing a good, used in budgeting and variance analysis.