Which Element of Design Specification Will Help the Project Team

question 4

Multiple Choice

Which element of design specification will help the project team find an efficient way to collect data for preparing sales reports?

• A)Data collection.
• B)Input.
• C)Output.
• D)Processing procedures.

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Definitions:

Standard Costs

Predetermined costs assigned to goods and services, used as target prices to measure performance.

Actual Costs

The genuine costs incurred in the production of goods or services, including all direct labor, materials, and overhead expenses.

Motivational Effects

The impact of various factors, such as incentives or goal setting, on an individual's willingness to perform or achieve tasks.

Unfavourable Price Variance

The difference between the actual price paid for something and its standard cost, when the actual price is higher.