The ideal database contains:
A)numerous cost driver observations
B)reliably measured observations
C)cost driver observations spanning a wide range
D)All of these answers are correct.

Question

Quizplus · Accepted Answer

All three factors are important for an ideal database. Numerous cost driver observations provide a larger sample size and more data to analyze, reliably measured observations ensure accuracy and consistency in the data, and cost driver observations spanning a wide range help to capture the full picture of the cost driver's impact on costs.

The Ideal Database Contains