A Concert Ticket Agent Is Going to Investigate Whether an Increase

question 7

Multiple Choice

A concert ticket agent is going to investigate whether an increase in money spent on radio advertisements for a particular venue tends to lead to more concert ticket sales. In this scenario, the response variable is and the explanatory variable is .

• A)Slope; intercept
• B)Amount of radio advertisement money spent; concert ticket sales
• C)Concert ticket sales; amount of radio advertisement money spent
• D)None of these

---

Definitions:

Recording

The process of entering financial transactions into the accounting records of a business.

Voucher Register

A record of vouchers, which are documents evidencing expenditure or the transfer of funds.

Book Of Vouchers

A ledger or book that contains vouchers, which are documents or files acting as evidence for transactions.

Gross Method

A method of recording purchases of inventory at their gross price without any deduction for trade discounts at the time of purchase.