Two Variables Are Said to Be Negatively Correlated If Their

question 61

Multiple Choice

Two variables are said to be negatively correlated if their values

• A) are always negative.
• B) only decrease but never increase.
• C) tend to move in the same direction.
• D) tend to move in opposite directions.

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Definitions:

Finished Goods

Goods that are finished being made but haven't been sold or sent out to buyers yet.

Overhead Application Rate

A rate used to allocate overhead costs to products or services based on a specific formula, such as labor hours or machine hours.

Machine Hours

A measure of production time, calculating how long a machine has been in operation, often used to allocate manufacturing overhead.

Direct Labor Hours

The total hours worked by employees directly involved in the production of goods or services.