Adding Geographic Codes to Customer Records to Plot Them on a Map

question 33

Multiple Choice

Adding geographic codes to customer records to plot them on a map is called:

• A)geoidentification.
• B)geocoding.
• C)finding neighborhood lifestyle clusters.
• D)commercial database service analysis.

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Definitions:

Deadweight Loss

A loss of economic efficiency that occurs when the equilibrium for a good or service is not achieved or is achievable but is not achieved.

Vertical Equity

The principle that taxpayers with higher incomes should pay more in taxes than those with lower incomes.

Marginal Tax Rate

The rate at which the last dollar of a taxpayer's income is taxed, indicating the percentage of additional income that is paid in tax.

Efficiency

The optimal use of resources to achieve the best possible outcome or output with minimal waste.