SCENARIO 13-12 The Manager of the Purchasing Department of a Large Saving

question 103

Multiple Choice

SCENARIO 13-12
The manager of the purchasing department of a large saving and loan organization would like to develop a model to predict the amount of time (measured in hours) it takes to record a loan application. Data are collected from a sample of 30 days, and the number of applications recorded and completion time in hours is recorded. Below is the regression output:




-Referring to Scenario 13-12,the degrees of freedom for the F test on whether the number of load applications recorded affects the amount of time are

• A)1,28
• B)1,29
• C)28,1
• D)29,1

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Definitions:

Cost Objects

Any item for which a separate measurement of costs is desired; examples include a product, a service, a project, or a customer.

ABC

Can refer to Activity-Based Costing, a method of assigning costs to products or services based on the resources they consume.

Activities

In a business context, activities refer to the various tasks, operations or functions performed within the organization to achieve its objectives.

Drive Costs

Strategies or actions taken to reduce, control, or manage expenses in a business to improve profitability.