In the Focusing Phase of Exploring Data

question 2

Multiple Choice

In the focusing phase of Exploring Data:

• A)The resource group selects the most important information.
• B)The client identifies important data and, with the group, develops clusters or a key area.
• C)The client tells the group three to five clusters of important data.
• D)You evaluate and list all data in priority order.

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Definitions:

Utilization

The degree to which a resource, such as equipment or labor, is being used effectively to produce goods or services.

Efficiency

A measure of how well resources (time, energy, costs) are used to achieve a goal or perform a process with minimal waste or effort.

Break-Even Point

The point at which total cost and total revenue are equal, meaning there is no net loss or gain.

Variable Cost

A cost that varies with the level of output or production, such as materials and labor costs.