Two Variables Are Negatively Related If

question 163

Multiple Choice

Two variables are negatively related if

• A)increases in one are associated with decreases in the other.
• B)increases in one are associated with increases in the other.
• C)both variables are less than zero.
• D)any change in one causes an increase in the other.
• E)any change in one causes a decrease in the other.

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Definitions:

Account Payable

An obligation or liability of a company to pay a short-term debt to its creditors or suppliers.

Gross Margin Percentage

The proportion of sales revenue remaining after deducting cost of goods sold, expressed as a percentage of sales revenue.

Net Operating Income

Income before interest and income taxes have been deducted.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including labor and materials.