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The Database Design Method in Which a Designer Uses Knowledge

question 65

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The database design method in which a designer uses knowledge about business processes to create a diagram of the elements to be included in the database is called


Definitions:

Materials Price Variance

The difference between the actual cost of direct materials purchased and the standard cost, multiplied by the quantity purchased.

Standard Quantity

The predetermined amount of materials or resources expected to be used in a production process or manufacturing of a product.

Standard Price

A predetermined cost that is set for materials, labor, and overhead to evaluate financial performance against actual costs.

Actual Materials Purchased

The actual quantity of materials bought by a company for production purposes over a given period.

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