A Sample of 33 Companies Was Randomly Selected and Data

question 24

Multiple Choice

A sample of 33 companies was randomly selected and data collected on the average annual bonus, turnover rate (%) , and trust index (measured on a scale of 0 - 100) .
Using the output below, and a significance level of α = .01, we can conclude that Dependent Variable is Turnover Rate
$\begin{array} { l r r r r } \text { Predictor } & \text { Coef } & \text { SE Coef } & \text { T } & \text { P } \\ \text { Constant } & 12.1005 & 0.7826 & 15.46 & 0.000 \\ \text { Trust Index } & - 0.07149 & 0.01966 & - 3.64 & 0.001 \\ \text { Average Bonus } & - 0.0007216 & 0.0001481 & - 4.87 & 0.000 \end{array}$
$$S = 1.49746 \quad \mathrm { R } - \mathrm { Sq } = 79.6 \% \mathrm { R } - \mathrm { Sq } ( \mathrm { adj } ) = 78.3 \%$$
Analysis of Variance
$\begin{array} { l r r r } \text { Source } & \text { DF } & \text { SS } & \text { MS } \\ \text { Regression } & 2 & 262.73 & 131.36 \\ \text { Residual Error } & 30 & 67.27 & 2.24 \\ \text { Total } & 32 & 330.00 & \end{array}$

• A) The multiple regression model is significant overall.
• B) Trust Index is a significant independent variable in explaining turnover rate.
• C) Average Annual Bonus is a significant independent variable in explaining
• Turnover rate.
• D) The predictor Constant is a significant independent variable in explaining
• Turnover rate.
• E) All of these.

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Definitions:

Corporate Strategy

The overall scope and direction of a corporation and the way in which its various business operations work together to achieve particular goals.

Organizational Strategy

A plan of action designed to achieve long-term or overall aims and objectives of an organization, shaping how resources are allocated to meet these goals.

Systems Perspective

A way of understanding and analyzing complex entities by examining them as coherent systems composed of interconnected and interdependent parts.

Hiring Decision

The process and outcome of evaluating and selecting candidates for employment positions within an organization.