A Human Resources Consultant Is Developing a Regression Model to Predict

question 10

Multiple Choice

A human resources consultant is developing a regression model to predict electricity production plant manager compensation as a function of production capacity of the plant, number of employees at the plant, and plant technology (coal, oil, and nuclear) .The "plant technology" variable in this model is ___.

• A)a qualitative variable
• B)a dependent variable
• C)a response variable
• D)an indicator variable
• E)a quantitative variable

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Definitions:

Activity-based Costing

A costing method that assigns overhead and indirect costs to specific activities, providing a more accurate allocation of costs to products.

Overhead Cost

Expenses related to the operation of a business that cannot be directly linked to a specific product or service.

Customer Margin

The profit generated from a particular customer, calculated by subtracting the costs directly associated with serving them from the revenue they generate.

Activity-based Costing

A costing method that assigns costs to products or services based on the activities and resources that contribute to their creation and delivery.