If the population correlation between two variables is determined to be -0.70, which of the following is known to be true?
A) There is a positive linear relationship between the two variables.
B) There is a fairly strong negative linear relationship between the two variables.
C) An increase in one of the variables will cause the other variable to decline by 70 percent.
D) The scatter diagram for the two variables will be upward sloping from left to right.
B
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During 2016, the accounts payable balance of Andreas Corp decreased. Which of the following statements is true?
a. This decrease indicates that Andreas paid less during the period than it recognized as expenses on the income statement. b. This decrease is added to net income in the operating activities section of a statement of cash flows prepared under the indirect method. c. This decrease is deducted from net income in the operating activities section of a statement of cash flows prepared under the indirect method. d. This decrease is considered only when the operating activities section of a statement of cash flows is prepared under the direct method.
Jay Vato works at Batwing Industries from midnight until 8:00 AM. His normal wage rate is $17 per hour, while Ben Phillips, who does the same job from 8:00 AM until 4:00 PM makes $15 per hour. Since Ben and Jay have the same seniority within the plant, the difference in pay is due to a(n):
a. overtime premium. b. production bonus c. make-up guarantee. d. shift premium.
Which question is not associated with the product when conducting product screening?
a. What unmet needs will this product satisfy? b. What is the expected product life? c. How will we distribute the product? d. What are our product’s competitive strengths?
In a transshipment problem, items may be transported:
A) from destination to destination. B) from one transshipment point to another. C) directly from sources to destinations. D) all of the above