US Steel Corp

question 29

Multiple Choice

U.S. Steel Corp. is a well-known steel manufacturing company. SAMCROW, one of the customers of U.S. Steel Corp. holds an RFM score of 111. Which of the following characteristics relates SAMCROW with its RFM score?

• A)SAMCROW has ordered recently and orders frequently, but it orders the least expensive goods.
• B)SAMCROW has not ordered anything for a while, but when it did order in the past, it ordered frequently, and its orders were of the highest monetary value.
• C)SAMCROW has not ordered anything for a while and it did not order frequently, but when it did order, it bought the least-expensive items.
• D)SAMCROW has ordered recently and orders frequently, and it orders the most expensive goods.

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Definitions:

Loss Recovery

The process of recouping losses from previous investment or business activities, often by adjustments in strategy or receiving compensations.

Allowance Method

The Allowance Method is an accounting technique that estimates and accounts for doubtful accounts, reducing the accounts receivable to its net realizable value.

Going Concern Assumption

An accounting principle assuming that an entity will continue to operate for the foreseeable future.