If Two Variables Are Positively Correlated, Then Low Scores on One

question 119

True/False

If two variables are positively correlated, then low scores on one variable would be associated with low scores on the other variable.

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Definitions:

Direct Labor-hour

A measure of the amount of time spent by workers directly involved in the production process to manufacture a product.

High-low Method

An approach in cost accounting to determine variable and fixed charges, based on analyzing the activity's minimum and maximum levels.

Job-Order Costing

A costing system used in situations where many different products, jobs, or services are produced each period.

Process Costing

A costing method used when essentially homogeneous products are produced on a continuous basis.