Predictive Analytics Is Used for All of the Following Except

question 85

Multiple Choice

Predictive analytics is used for all of the following except

• A)anticipate customer response to price changes.
• B)identifying the most profitable customers.
• C)determining the best routes for product delivery.
• D)establishing consumer credit scores.
• E)forecasting driver's safety.

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Definitions:

Process Costing

A costing methodology used in manufacturing where costs are allocated to processes or departments and then assigned to units of product.

Job-Order Costing

Job-order costing is an accounting method that collects and assigns manufacturing costs to individual goods or jobs, allowing for detailed tracking of production expenses.

Industry

A sector of the economy that is comprised of businesses and organizations that engage in similar types of production, services, or activities.

First-In, First-Out Method

An inventory valuation method where the goods first received are the first to be sold or used.