Provide an Appropriate Response $0.632$ B) $0.561$ C) $0.717$ D) $0.791$

question 161

Multiple Choice

Provide an appropriate response.
-A manager wishes to determine the relationship between the number of years the manager's sales representatives have been with the company and their average monthly sales (in thousands of dollars) . Calculate the linear correlation coefficient.

• A) \(0.632\)
• B) \(0.561\)
• C) \(0.717\)
• D) \(0.791\)

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Definitions:

Prepaid Expenses

Costs paid in advance for goods or services to be received in the future, treated as assets until used.

Acid-Test Ratio

A financial metric that measures the ability of a company to pay off its current liabilities with its quick assets such as cash, accounts receivable, and short-term investments.

Marketable Securities

Financial instruments that can be easily converted into cash with minimal loss of value, often used for short-term investments.

Current Liabilities

Short-term financial obligations that are due within one year or within the normal operating cycle of the business.