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Data is collected from 20 sales people in order to verify that the more contacts made with potential
Clients, the greater the sales volume. A scatter diagram of the collected information is shown below.
Looking at this scatter diagram you determine:
Asset
Resources owned or controlled by a business that are expected to provide future economic benefits.
Original Cost
The initial price paid or cost of acquisition of an asset, before any depreciation, amortization, or impairment costs are deducted.
Increased Revenues
A rise in the amount of money a company earns from its business activities over a certain period.
Fixed Costs
Costs that do not change with the level of production or sales activities, such as rent, salaries, and insurance premiums.
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