By Examining Checkout Data, Supermarkets Have Learned That People Who

question 82

Multiple Choice

By examining checkout data, supermarkets have learned that people who are buying beer often also buy a bag of salty snacks. The use of data mining led to the discovery of a(n) ___________pattern.

• A) sequential
• B) affinity
• C) predictive
• D) adjacency
• E) extrapolative

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Definitions:

Factory Overhead

Indirect costs related to manufacturing that cannot be directly associated with specific product units, including rent, utilities, and maintenance of equipment.

Labor Costs

The total sum of all wages, benefits, and taxes paid to employees by an employer for work performed.

Period Costs

Expenses that are not directly tied to production activity and are charged to the period in which they are incurred.

Balance Sheet

A financial statement that shows the assets, liabilities, and equity of a company at a specific point in time, illustrating its financial position.