R² Always Has a Value Between ______

question 12

Multiple Choice

R² always has a value between ______.

• A) 1 and 2
• B) -1 and 1
• C) -1 and 0
• D) 0 and 1

---

Definitions:

Operating

The day-to-day activities or functions necessary for a business or organization to run effectively and efficiently.

Competitive Market

A market structure characterized by many buyers and sellers, free entry and exit, and a product for which there are many substitutes.

Profit

The financial gain obtained when the amount earned from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.

Good

A tangible product or commodity that satisfies human wants or needs.