What Is It Called When Huge Amounts of Customer Information

question 177

Multiple Choice

What is it called when huge amounts of customer information are entered into a database to be used for data mining?

• A) a data warehouse
• B) a marketing decision data cube
• C) a statistical database
• D) a data storage base

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Definitions:

LIFO

Last-In, First-Out (LIFO) is an inventory valuation method whereby the most recently produced or acquired items are sold, used, or disposed of first.

Cost Flow Assumptions

Methods used to assign costs to inventory and goods sold, such as FIFO (First-In, First-Out) or LIFO (Last-In, First-Out).

Unit Cost

The cost incurred to produce, acquire or handle one unit of a product or service.

Appropriate Code

A specific numerical or alphanumeric identifier used to classify and organize data, transactions, or items according to established criteria.