A Manager Wants to Predict the Cost (Y)of Travel for Salespeople

question 20

Multiple Choice

A manager wants to predict the cost (y) of travel for salespeople based on the number of days (x) spent on each sales trip.The following model has been developed: ŷ = $400 + 120x.If a trip took 3 days, the predicted cost of the trip is _____________.

• A)760
• B)360
• C)523
• D)1560
• E)1080

Recognize the significance of self-esteem and self-awareness in personal and professional development.

Analyze the evolution and historical trends in human relations within workplaces.

Examine the importance of effective communication in organizations.

Distinguish between different management theories and their implications on human relations.

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Definitions:

Cash Dividends

Payments made by a corporation out of its earnings to its shareholders, usually in the form of cash.

Stock Dividends

A payment made to shareholders in the form of additional shares, rather than cash.

Stockholders' Equity

Funds owned by the shareholders of a company, calculated as the company's total assets minus its total liabilities, representing ownership interest in the company.

Common Stock

A type of equity security that represents ownership in a corporation, giving holders voting rights and a share in the company’s profits via dividends.