Which of the Following Best Explains the Function of a CRM

question 127

Multiple Choice

Which of the following best explains the function of a CRM database?

• A) It is used to improve the security of IT systems employed for marketing.
• B) It is used to keep track of orders from suppliers and related cost fluctuations.
• C) It is used to gather, store, and maintain personal information about customers.
• D) It is used to estimate changes in currency values in the international market.
• E) It is used to evaluate employee performances.

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Definitions:

Weighted-Average Method

An inventory valuation method using the weighted average of all items in inventory to determine the cost of goods sold and ending inventory value.

Cost System

A methodical process for recording, measuring, and analyzing costs associated with a company's operations, aiding in financial planning and control.

Processing Department

A division within a manufacturing operation where a specific operational task is performed, such as mixing, cooking, or packaging.

Process Costing System

An accounting method used to assign costs to units of production in continuous processes, where similar items are produced.