If a Control Total Were to Be Computed on Each

question 61

Multiple Choice

If a control total were to be computed on each of the following data items,which would best be identified as a hash total for a payroll computer application?

• A)Net pay.
• B)Department numbers.
• C)Hours worked.
• D)Total debits and total credits.

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Definitions:

Recency-Frequency-Monetary Analysis

A method of analyzing data that categorize customers by their buying patterns.

Customer Data

Information collected about customers that can include personal details, preferences, and behaviors, used to guide business decisions and marketing strategies.

Profit Potential

The capability of a business or investment to generate earnings over a period, indicating its financial viability and attractiveness.

Lifetime Value Analysis

A comparison of the costs of retaining customers and the costs of acquiring new customers, to determine how much money each type of customer requires.