If You Are Using Number of Competitors as a Control

question 9

Multiple Choice

If you are using number of competitors as a control variable and the local unemployment rate as a proxy for economic climate in a regression to estimate the effect of price on sales, all the following variables will show up in the regression except for:

• A) the number of competitors.
• B) price.
• C) economic climate.
• D) sales.

---

Definitions:

Chart of Accounts

A structured list of all the financial accounts in an organization's general ledger, categorized by short and long-term liabilities, assets, revenue, and expenses.

Income Statement

A financial report that shows a company's revenues, expenses, and net income over a specific period of time.

Trial Balance

An accounting report that lists the balances of all ledgers accounts to verify that the total debits equal the total credits, used for internal purposes to check for errors.

Ledger

A book or collection of financial accounts in which transactions are recorded.