ECONOMICS

COST ACCOUNTING

INFORMATION FOR DECISION MAKING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is slice-and-dice capability?
A
Involves the aggregation of information and features simple roll-ups to complex groupings of interrelated information.
B
The ability to look at information from different perspectives
C
Enables users to get details, and details of details, of information
D
Finds the inputs necessary to achieve a goal such as a desired level of output
Explanation: 

Detailed explanation-1: -To slice and dice is to break a body of information down into smaller parts or to examine it from different viewpoints so that you can understand it better. The term has its roots in cooking and describes two types of knife skills every chef needs to master.

Detailed explanation-2: -Slicing and dicing is to break a data cube into smaller parts in order to view it from different points of view. The process is repeated until the user has reached the desired level of detail. Slicing is producing a new data cube with one fewer dimension by locking on a single value of that dimension.

Detailed explanation-3: -What is Slicing and Dicing? Slicing and Dicing refers to a way of segmenting, viewing and comprehending data in a database. Large blocks of data is cut into smaller segments and the process is repeated until the correct level of detail is achieved for proper analysis.

Detailed explanation-4: -Dicing is similar to slicing but it works a little bit differently. When one thinks of slicing, filtering is done to focus on a particular attribute, dicing on the other hand is more a zoom feature that selects a subset over all the dimensions but for specific values of the dimension.

Detailed explanation-5: -To study, check or examine something. study. check. examine.

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