Which of the following statements is true regarding a scatter diagram?
A) It provides very little information about the relationship between the regression variables.
B) It is a plot of the independent and dependent variables.
C) It is a line chart of the independent and dependent variables.
D) It has a value between -1 and +1.
E) It gives the percent of variation in the dependent variable that is explained by the independent variable.
B
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Seal Financial Advisors provides accounting and finance assistance to customers in the retail business
Seal has four professionals on staff and an office with six clerical staff. Total compensation, including benefits, for the professional staff runs about $571,000 per year, and normal billable hours are 8,100 hours per year. The professional staff keep detailed time sheets organized by client number. The total office and administrative costs for the year are $754,000. Seal allocates office and administrative costs to clients monthly, using a predetermined overhead allocation rate based on billable hours. What is the predetermined overhead allocation rate that Seal will use for office and administrative costs? (Round your answer to the nearest cent.) A) $93.09 per hour B) $22.59 per hour C) $70.49 per hour D) $163.58 per hour
Explain both the general strategies and the specific techniques needed to manage high information-processing demands.
What will be an ideal response?
Frederick W. Taylor is best known for defining the techniques of
A. organizational management. B. administrative management. C. management science. D. scientific management. E. behavioral management.
Frederick W. Taylor's research led to the emergence of scientific management, which is defined as
A. eliminating waste and inefficiency at work. B. the application of scientific principles to the management of work and workers. C. researching optimal tools for motivating employees. D. using the workplace to conduct scientific research on human behavior. E. the study of management using a scientific approach.