Which of the Following Observations About RFM and OLAP Reports

question 60

Multiple Choice

Which of the following observations about RFM and OLAP reports is true?

• A)RFM reports are more generic than OLAP reports.
• B)OLAP reports are more dynamic than RFM reports.
• C)RFM reports have measures and dimensions.
• D)RFM reports can drill down into the data to a greater extent than OLAP reports.

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Definitions:

Conversion Costs

The costs incurred in the process of converting raw materials into finished goods, typically including direct labor and manufacturing overhead.

Cutting Department

A specific section within a manufacturing facility where materials (often fabric) are cut to size before being assembled into final products.

Equivalent Unit

A concept in cost accounting used to apportion costs among finished goods and goods in process, based on work completed.

Process Costing

A costing method used for homogeneous products, allocating costs based on the processes or departments through which the products pass.