State Whether You Think That the Variables Have Strong Positive

question 196

Multiple Choice

State whether you think that the variables have strong positive correlation, weak positive correlation, strong negativecorrelation, weak negative correlation, or no correlation.
-The unemployment rate and the number of homeless people.

• A)Strong negative correlation
• B)No correlation
• C)Weak positive correlation
• D)Strong positive correlation
• E)Weak negative correlation

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Definitions:

Absorption Costing

A financial accounting technique that integrates all costs incurred from manufacturing, including direct materials, direct labor, along with both fixed and variable overhead costs, into the total cost of a product.

Direct Materials

Raw materials that can be directly linked to the production of finished goods in manufacturing.

Fixed Overhead

Fixed Overhead refers to the consistent, non-variable expenses incurred by a business, regardless of its level of production or sales activities.

Operating Leverage

A measure of how revenue growth translates into growth in operating income, indicating the proportional relationship between fixed and variable costs.