Which of the Following Data Elements Would Be Included in the Customer

question 127

Multiple Choice

Which of the following data elements would be included in the customer master file as semi-permanent information?

• A) transaction date
• B) credit limit
• C) transaction amount
• D) amount paid

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Definitions:

Test Construction

The process of developing a test that accurately measures what it is intended to measure, with reliability and validity.

Factor Analytic Approach

A statistical method used in psychology to identify clusters of related items (factors) on tests or surveys, revealing underlying variables.

Correlations

Statistical measures that describe the extent to which two variables change together, but not necessarily indicating causation.

Objective Test

An assessment tool designed to measure knowledge, skills, or abilities without subjective judgment.