A Data Mart Is a Small Data Warehouse Designed for a Strategic

question 1

True/False

A data mart is a small data warehouse designed for a strategic business unit (SBU)or a single department.

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Definitions:

Activity Variance

The difference between the actual cost incurred for an activity and the standard cost set for that same activity.

Total Expenses

The sum of all costs and expenditures that a business incurs during a given period, including operating expenses, cost of goods sold, and other charges.

Variable Cost

Costs that vary directly with the level of production or sales volume, such as materials and labor.

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity, allowing better comparisons and analysis of performance.