In Determining the Best Companies to Work For, a Number

question 6

Multiple Choice

In determining the best companies to work for, a number of variables are considered, including size, average annual pay, and turnover rate, etc.Employee surveys are often
Conducted in order to assess aspects of the organization's culture, such as trust and
Openness to change.A sample of 33 companies was randomly selected and data
Collected on the average annual bonus and turnover rate (%) .A questionnaire was also
Administered to the employees of each company to arrive at a trust index (measured on a
Scale of 0 - 100) .The partial analysis of variance table is shown below. The calculated F statistic to determine the overall significance of the estimated multiple
Regression model using average annual bonus and trust index to explain turnover rate is

• A)58.64
• B)1.497
• C)131.36
• D)78.3
• E)2.24

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Definitions:

Direct Labor-Hours

The total hours worked directly on manufacturing goods or providing services.

Manufacturing Overhead

Indirect costs related to manufacturing that do not include direct materials or direct labor.

Predetermined Overhead Rate

A rate calculated before the accounting period begins, used to allocate overhead costs to products or services.

Machine-Hours

A measure of production output or operational time, calculated by the number of hours machines are running.