Suppose We Are Considering the Relationship Between Two Variables Y

question 81

Multiple Choice

Suppose we are considering the relationship between two variables y and x. y is measured on the y-axis and x is measured on the x-axis, and the relationship between then is a straight line. Suppose that the slope of the line is greater than 1. This slope means that

• A) a change in x is associated with a bigger change in y.
• B) a change in x is associated with a smaller change in y.
• C) a change in x is associated with no change in y.
• D) a change in x is associated with an equal change in y.

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Definitions:

Inventory

An asset that represents the total amount of goods and or materials a company holds for sale or production in the normal course of business.

Equivalent Units

A concept in process costing that converts partially completed units into a number of equivalent full units.

Direct Method

An approach used in cost accounting or cost allocation in which costs are directly assigned to cost objects, such as departments or products, without any allocation of indirect costs.

Service Department

A division within a company that supports other departments by providing internal services or assistance.