Yvonne Yang, VP of Finance at Discrete Components, Inc

question 95

Multiple Choice

Yvonne Yang, VP of Finance at Discrete Components, Inc.(DCI) , wants a regression model which predicts the average collection period on credit sales.Her data set includes two qualitative variables: sales discount rates (0%, 2%, 4%, and 6%) , and total assets of credit customers (small, medium, and large) .The number of dummy variables needed for "total assets of credit customer" in Yvonne's regression model is ________.

• A)1
• B)2
• C)3
• D)4
• E)7

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Definitions:

Trusting Subordinates

The act of believing in the reliability, truth, ability, or strength of one's lower-ranking employees.

Work Standards

The expected levels of performance and quality that employees are required to meet in their job roles.

Leadership Style

Leadership style is the recurring pattern of behaviours exhibited by a leader.

Recurring Pattern

A sequence or a cycle of events or behaviors that repeat at regular intervals.