System Flowcharts

question 31

Multiple Choice

System flowcharts

• A)depict logical tasks that are being performed, but not who is performing them
• B)illustrate the relationship between database entities in systems
• C)represent relationships between key elements of both manual and computer systems
• D)describe the internal logic of computer applications in systems

Conduct a moving average analysis to smooth time series data and identify patterns.

Differentiate between the use and purpose of exponential smoothing and moving averages.

Recognize and correct for the presence of autocorrelation in time series data.

Distinguish between the types of fluctuations in time series data and their causes.

---

Definitions:

Price Standard

A predetermined cost that represents what should be paid for a unit of input, such as materials or labor.

Materials Price Variance

Materials price variance is the difference between the actual cost of materials used in production and the standard cost expected, it can indicate changes in market prices or purchasing efficiency.

Quantity Standard

A specific measure established to gauge the expected or optimal quantity of input required to produce a unit of output.

Price Standard

A pre-determined cost per unit of input or output, used for setting budgets and measuring performance.