Which of the Following Possible Response Variables Is Most Appropriate

question 74

Multiple Choice

Which of the following possible response variables is most appropriate to predict using a regression tree?

• A) political party preference of a registered voter
• B) rate of return on an investment
• C) option(s) a new car buyer will select
• D) which borrower(s) will default on a loan
• E) whether or not a fitness center member will renew their membership

Understand the concept of flexible budgets and their importance in performance management.

Interpret flexible budget variances, including spending and activity variances.

Calculate cost formula per unit and per activity measure from given data.

Apply the concepts of budgeting and variance analysis to different types of costs (variable, fixed) and activities (jobs, meals, flights, etc.).

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Definitions:

Customer Order

A request made by a customer to purchase goods or services, which typically includes specific details such as quantity and delivery requirements.

Customer Communication

The two-way information flow between the firm and its customer.

Info Completeness

Refers to the extent to which information is whole, full, or includes all necessary components.

Lifetime Value

The net present value of a customer’s business over the span of his or her relationship with an organization.