DA0-001 Exam Dumps - CompTIA Data+ Questions and Answers

Gross profit percentage is a key performance indicator (KPI) that measures the profitability of a company’s sales by showing the percentage of revenue that exceeds the cost of goods sold (COGS). It is a critical metric for tracking sales performance because it directly reflects the efficiency of a company in managing its production costs and the profitability of its products. This KPI is essential for understanding the financial health of a business and making informed decisions about pricing, cost control, and sales strategies.

References:

• Sales KPIs are essential for measuring the effectiveness of sales activities and the profitability of those efforts1.
• Gross profit percentage is highlighted as a crucial metric for assessing the financial success of sales initiatives2.
• Understanding the difference between sales metrics and KPIs, and the importance of gross profit percentage as a KPI1.
• The significance of gross profit percentage in evaluating sales team performance and guiding business decisions3.

The reasons to create and maintain a data dictionary are to improve data acquisition and to remember specifics about data fields. A data dictionary is a document or a database that describes the structure, meaning, and usage of the data elements in a data source or a database. A data dictionary can help to improve data acquisition by providing clear and consistent definitions, rules, and standards for the data collection process. A data dictionary can also help to remember specifics about data fields by providing information such as data type, format, length, range, default value, constraints, relationships, etc. The other options are not reasons to create and maintain a data dictionary, as they are related to other aspects of data management or security. A data dictionary does not specify user groups for databases, as this is a function of access control or authorization. A data dictionary does not provide continuity through personnel turnover, as this is a function of documentation or knowledge transfer. A data dictionary does not confine breaches of PHI data, as this is a function of encryption or anonymization. A data dictionary does not reduce processing power requirements, as this is a function of optimization or compression. Reference: [What is a Data Dictionary? - DataCamp]

 A dashboard is a graphical display that summarizes and presents key performance indicators (KPIs) and metrics for a business or a project. A dashboard should be clear, concise, and easy to understand. To develop a dashboard, one of the best practices is to create a wireframe or a mockup first. A wireframe or a mockup is a low-fidelity sketch or prototype of the dashboard layout and design, which helps to define the scope, requirements, and functionality of the dashboard. Creating a wireframe or a mockup can help to save time and resources, as well as to get feedback from stakeholders and users before deploying the dashboard to production. Therefore, the correct answer is A. References: [Dashboard Design Best Practices: 4 Key Principles | Toptal], [How to Create an Effective Dashboard (with Examples) | Tableau]