Information and Knowledge Discovery Tools Are Used Primarily to ________

question 87

Multiple Choice

Information and knowledge discovery tools are used primarily to ________.

• A) standardize the format of data retrieved from different systems
• B) reduce the complexity of the data to be analyzed
• C) extract information from existing data
• D) analyze for decision-making support
• E) allow managers to learn query language for the effective maintenance of the database

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Definitions:

Labor Efficiency Variance

The difference between the actual hours worked and the standard hours allowed for the work performed, multiplied by the standard labor rate.

Standard Hours

The estimated time that should be taken to complete a task or produce a unit under normal conditions.

Actual Labor-Hours

Actual labor-hours represent the real number of labor hours worked by employees, as opposed to planned or estimated hours, often used in productivity and costing analyses.

Direct Material Standards

The anticipated cost and quantity of materials required for the production of goods or services.