In Regression Analysis, Historical Predictors of Workforce Size, Like Sales

question 27

True/False

In regression analysis, historical predictors of workforce size, like sales or new customers, are used to predict staffing levels.

Classify businesses based on their transaction types (B2B, B2C, etc.).

Identify jobs in e-commerce that can be performed remotely and those that require physical presence.

Recognize the significance of compliance and security requirements in electronic transactions.

Understand how cloud computing characteristics support remote work and business scalability.

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Definitions:

Mixed Cost

A cost that contains both variable and fixed cost elements and changes in total with changes in production volume but not proportionately.

High-low Method

An accounting technique used to estimate fixed and variable costs by analyzing the highest and lowest levels of activity and their corresponding costs.

Variable Cost

Costs that vary directly with the level of production or sales volume, such as raw materials and direct labor expenses.

Sales Volume

Sales volume refers to the total number of units of a product or service sold by a company within a specific time frame.