To Determine the Effectiveness of a Database,the U

question 56

Multiple Choice

To determine the effectiveness of a database,the U.S.Postal Service recommends an RFM scoring method.The letters RFM stand for:

• A)recency,frequency and monetary transactions between the company and the customer.
• B)rate of sales,fixed use fee paid,and markets reached.
• C)relationship between the company and the customer,frequency of the sale,and monetary transactions between the company and the customer.
• D)reach,frequency,and markets reached.
• E)ratio of inquiries to sales,frequency of sales,and market share.

---

Definitions:

Weighted-Average Method

The weighted-average method is an inventory costing method that assigns the average cost of all similar items in inventory to the cost of goods sold and ending inventory, smoothing out price fluctuations.

Processing Department

A division within a manufacturing facility where a particular type of processing or production occurs.

Ending Inventory

The value of goods available for sale at the end of an accounting period, calculated by adjusting the beginning inventory for purchases and sales during the period.

Materials

The raw items or supplies used in the manufacturing of a product or in the operation of a business.