The Process of Developing Data That Do Not Already Exist

question 21

Multiple Choice

The process of developing data that do not already exist through interaction with community members is called data:

• A) Collection
• B) Gathering
• C) Generation
• D) Interpretation

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Definitions:

Excessive Inventories

A situation where a company holds more stock than what is effectively required, leading to increased storage costs and possible obsolescence.

Quantity Standard

The predetermined amount of materials, labor, and overhead that should be used for each unit of production.

Unit Of Product

A single item or instance of a product manufactured or sold by a company.

Input

Resources used in the process of production, including raw materials, labor, and overhead costs.