What strategies can be employed to detect multicollinearity?
What will be an ideal response?
(a) Examine a simple correlation matrix of the independent variables to determine if any of the independent variables are individually correlated.
(b) An indication of the likely presence of multicollinearity is when, taken as a group, a set of independent variables appears to exert considerable influence on the dependent variable, but when looked at separately, through tests of hypothesis, all appear individually to be insignificant.
(c) Another strategy is to regress individual independent variables on all of the other independent variables in the model.
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The major risk exposures associated with the receiving department include all of the following except
a. goods are accepted without a physical count b. there is no inspection for goods damaged in shipment c. inventories are not secured on the receiving dock d. the audit trail is destroyed
Which of the following is a vertical scale presented with specific examples of performance?
A. graphic rating scale B. behaviorally anchored rating scale C. forced-ranking scale D. global rating scale
Spreading responsibility among multiple employees so that one employee's work can serve as a check against another's work is a technique that assures:
a. physical security. b. segregation of duties. c. independent verification. d. error–free accounting records.
A jewelry store is more likely than a jewelry manufacturer to consider ________ in making a location decision
A) transportation costs B) cost of raw materials C) appearance/image of the location D) quality of life E) taxes