Which common method for classifying accounts is popular because of its simplicity?
A) Single-factor analysis
B) Portfolio analysis
C) Sales volume analysis
D) Most Likely Sales (MLS) analysis
E) Least Likely Sales (LLS) analysis

Question

Quizplus · Accepted Answer

Single-factor analysis is popular because of its simplicity. This method involves classifying accounts based on a single criterion such as sales volume or credit risk. It is easy to understand and apply, which makes it a popular choice for many businesses. Portfolio analysis, sales volume analysis, Most Likely Sales (MLS) analysis, and Least Likely Sales (LLS) analysis are all more complex methods of classifying accounts.

Which Common Method for Classifying Accounts Is Popular Because of Its