What Is Being Accomplished by Affinity Grouping

question 33

Multiple Choice

What is being accomplished by affinity grouping?

• A)Determines values for an unknown continuous variable behavior or estimated future value.
• B)Determines which things go together.
• C)Segments a heterogeneous population of more homogeneous subgroups.
• D)Assigns records to one of a predefined set of classes.

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Definitions:

Unearned Revenue

Money received by a company for goods or services yet to be delivered or performed, recognized as a liability on the balance sheet.

Trial Balance

A statement that lists all the balances of the ledger accounts, used to verify that the total of debit balances equals the total of credit balances.

General Journal

An accounting book where all transactions are initially recorded, based on the double-entry bookkeeping system, before being transferred to specific accounts.

Accounts Receivable

Company receivables from goods or services provided to customers that remain unpaid.