Each of the Following Is an Example of Data Mining

question 133

Multiple Choice

Each of the following is an example of data mining except:

• A)American Eagle studying how consumers respond to price markdowns.
• B)Goody's analyzing baskets of merchandise purchased by individual consumers.
• C)Target identifying the other retail stores customers use for particular products.
• D)First Horizon Bank expanding its wealth management business by studying profiles of its best customers.

---

Definitions:

Conversion Costs

The costs directly associated with converting raw materials into finished products, typically including labor and manufacturing overhead.

Assembly Department

A production area focused on assembling parts or components into finished goods.

Materials Costs

The expense incurred by a company for the raw materials used in manufacturing or producing goods.

First-In, First-Out Method

A method of valuing inventory whereby the costs of the first items bought or manufactured are the first ones accounted for in the calculation of the cost of goods sold.