The Proportion of Variability of the Dependent Variable Accounted for or Explained

question 107

Multiple Choice

The proportion of variability of the dependent variable accounted for or explained by the independent variable is called the _______.

• A)sum of squares error
• B)coefficient of correlation
• C)coefficient of determination
• D)covariance
• E)regression sum of squares

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Definitions:

Reciprocal Method

An accounting technique used in managerial accounting to allocate costs between support departments, taking into account the mutual services they provide to each other.

Sequential Method

An approach to cost allocation in which support department costs are allocated to other support and operating departments sequentially, one after another, based on a predetermined order.

Reciprocal Services

Services exchanged between departments within an organization, used in cost accounting to allocate service department costs to producing departments.

Reciprocal Services

Services exchanged between departments within an organization or between companies without direct monetary payment, often valued and accounted for through internal mechanisms.