A College Administrator Might Want to Determine If There Are

question 61

Multiple Choice

A college administrator might want to determine if there are differences in credit hour loads based on student living arrangements as well as student grade level.In this case, the independent variable(s) is/are _________________.

• A)credit hours
• B)credit hours and living arrangements
• C)living arrangements
• D)grade level
• E)living arrangements and grade level

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Definitions:

Allocate Resources

The process of distributing available resources among various projects or units in order to achieve strategic goals effectively.

Internalize

The process by which a company takes into account the external costs (or benefits) of its activities, usually environmental, by incorporating them into its business decisions and cost structures.

Market Supply Curve

A graphical representation of the relationship between the price of a good or service and the amount of it that suppliers are willing to offer for sale at any given price level.

External Effects

In economics, externalities or external effects occur when the actions of individuals or firms have positive or negative impacts on third parties not directly involved in the transaction.