How Can Query Languages Be Used to Help Make Better

question 93

Multiple Choice

How can query languages be used to help make better decisions?

• A)They can suggest a course of action.
• B)They can gather relevant data for decision making.
• C)They can help the decision maker to interpret results.
• D)They can model choose among alternative courses of action.

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Definitions:

Standard Costing

Standard costing is an accounting method that applies estimated costs to product costs for budgeting purposes and performance evaluation, facilitating variance analysis.

Variable Overhead

Costs that fluctuate with production levels, such as utilities or materials used in the manufacturing process.

Labour Efficiency Variance

A measure of the difference between the actual hours worked and the hours that should have been worked for the level of production achieved.

Overhead Spending Variance

The difference between the actual overhead expenses incurred and the overhead expenses budgeted or planned for a period.