Characteristics to the most profitable customers

Assignment Help Accounting Basics
Reference no: EM13926976

1) Northwest Airlines applied mathematical models to determine which customers in its database were currently responsible for most of its profitability and which customers were not currently profitable but had similar characteristics to the most profitable customers. Northwest Airlines utilized _____ to identify these customers.

A. computer programming
B. data warehousing
C. customer relationships management
D. data mining

2) Minute Maid sees research as the fundamental first step in any business decision, and it created proprietary methods for conducting research. At what level of the hierarchy of business decision makers does Minute Maid operate?

A. Top tier
B. Middle tier
C. Base tier
D. Foundation tier

3) Which of the following questions is considered first when discussing a management dilemma?

A. How can management eliminate negative symptoms?
B. What does the manager need to know to choose the best alternative from the available sources of action?
C. What is the recommended course of action?
D. What symptoms cause management concern?

4) The goal of ethics in research is to _____.

A. ensure that no one is harmed
B. protect researchers from legal liability
C. identify what behavior is appropriate
D. ensure research sponsors fulfill their legal obligations

5) _____ occurs when the participants are told only part of the truth or when the truth is fully compromised.

A. Coercion
B. Deception
C. Informed consent
D. Debriefing

6) The process of stating the basic dilemma and then developing other questions by progressively breaking down the original question into more specific ones is called the _____.

A. research question
B. management-research question hierarchy
C. management dilemma
D. management question

7) The fundamental weakness in the research process is _____.

A. incorrectly defining the research question
B. identifying a flawed sampling frame
C. misdefining the target population
D. failing to identify all relevant secondary information

8) Which type of management question asks what do we want to achieve?

A. Choice of purpose
B. Evaluation of solutions
C. Troubleshooting
D. Control

9) In the Southeast, the potato chip market share held by the Lays brand is 46%. This is an example of _____.

A. a research question
B. a descriptive hypothesis
C. a relational hypothesis
D. an explanatory hypothesis

10) An increase in hours of television viewing leads to increases in the sales of snack foods. This is an example of a _____.

A. research question
B. descriptive hypothesis
C. correlational hypothesis
D. causal hypothesis

11) To be categorized as a customer, an individual must have a history of shopping at the establishment at least twice before the start of the study with expenditures of more than $10. This is an example of _____.

A. a hypothetical construct
B. a conceptual scheme
C. an operational definition
D. a dictionary definition

Reference no: EM13926976

Questions Cloud

Correlation, scatterplots, and prediction : For this Project you will be using the Project Dataset in Doc Sharing under the Category called "Final Project Assignment and Data." This dataset is in Excel and you will use Excel to complete this Project. You should enter your answers/responses/..
Effects of using celebrity endorsement on sales : Michael is interested in learning the effects of using celebrity endorsement on sales. What type of variable is a celebrity endorsement?
What are the major credit policy variables a firm can use : What are the major credit policy variables a firm can use to control its level of receivables investment? What are the marginal returns and costs associated with a more liberal extension of credit to a firm's customers?
The realities of life was the attention paid : This week's lecture indicates that writers of the Realism period made a concerted effort to move away from themes depicting the extravagance of emotion and toward themes of industry, the rise of cities, the workplace, social convention, and the reali..
Characteristics to the most profitable customers : Northwest Airlines applied mathematical models to determine which customers in its database were currently responsible for most of its profitability and which customers were not currently profitable but had similar characteristics to the most prof..
Describe three steps involve in evaluating credit applicants : Describe the three steps involved in evaluating credit applicants. What are the primary sources of information about the creditworthiness of credit applicants?
Threats of an ever-changing retail environment : Strategic planning involves adapting the resources of the firm to the opportunities and threats of an ever-changing retail environment (Dunne and Lusch). What, in your opinion, makes strategic planning such a crucial aspect to retail management
Discuss the role of aunt leonie in combray : Discuss the role of aunt leonie in combray by proust the comedy
Who was the first african american writer of the realist : Who was the first African American writer of the Realist movement

Reviews

Write a Review

Accounting Basics Questions & Answers

  Distinguish between nominal and effective interest rates

Distinguish between nominal and effective interest rates. Explain the nature of the $100,000 difference between the face value and the market value of the bonds on January 1

  What amount of cash will texas collect

Texas Company invested $90,000 in a certificate of deposit on August 1, 2013. The certificate had a 6 percent annual rate of interest and a one year term to maturity.

  Compute the book value per share before the stock dividend

On October 1, Kosko declares anddistributes a 10% stock dividend when the market value of the stockis $15 per share. Compute the book value per share (1) before the stock dividend and (2) after the stockdividend.

  A motor breaks on a machine and is replaced

Would any of your answers change if the company used IFRS? If so, how?

  What does section 404 require of managements internal

what does section 404 require of managements internal control report? research a public company and explain how

  Astaire company uses the gross profit method to estimate

astaire company uses the gross profit method to estimate inventory for monthly reporting purposes. presented below is

  Suspended passive loss

Several years ago, Joy acquired a passive activity. Until 2004, the activity was profitable. Joy's at-risk amount at the beginning of 2004 was $300,000. The activity produced losses of $80,000 in 2004, $50,000 in 2005, and $70,000 in 2006; it prod..

  Describe one or two characteristics of that accounting

Do you think that it was a manual system, legacy system, or an integrated IT system? Describe one or two characteristics of that accounting information system that lead you to your conclusion.

  On january 2 2011 the crossover band acquires sound

on january 2 2011 the crossover band acquires sound equipment for concert performances at a cost of 55900. the band

  Describe how erp systems enhance efficiency in a business

Describe how ERP systems enhance efficiency in a business organization.

  It was computed from a master manufacturing overhead budget

costello corporation manufactures a single product. the standard cost per unit of product is shown below.direct

  Journalize the entries to record the liquidation outlined

immediately prior to the process of liquidation partners micconiccum and orwell have capital balances of 70000 20000

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd