Which Statement Is NOT True of Correlation Coefficients

question 7

Multiple Choice

Which statement is NOT true of correlation coefficients?

• A)Correlations can never exceed 1.0.
• B)Correlations provide statements of causation.
• C)Correlations can be negative.
• D )All of the above are true.

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Definitions:

Job Cuts

A reduction in the number of employees typically due to financial strains or organizational restructuring.

Scanlon Plan

A type of gainsharing program that rewards employees for improvements in productivity and cost savings within a company.

Gainsharing Plan

An incentive strategy that rewards employees for contributing to the company's productivity improvements by sharing the resultant financial gains.

Profit-Sharing Plan

A company-wide program that provides employees with a share in the profits of the company, typically based on its quarterly or annual earnings.