A Correlation Exists When

question 18

Multiple Choice

A correlation exists when

• A) a dependent variable causes change in an independent variable.
• B) a lack of control is evident in an experimental research design.
• C) a change in one variable is associated with a change in another variable.
• D) None of the above is correct.

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Definitions:

Master Budget

A comprehensive financial planning document that consolidates all of a company's individual budgets relating to sales, cost of goods sold, operations, and capital expenditures into one overarching budget.

Sales Budget

A financial plan that estimates the expected sales revenue for a period, including units sold and revenue expected.

Cash Budget

A cash budget is a financial plan or forecast that outlines expected cash inflows and outflows over a specific period, helping businesses manage their cash flow.

Purchases Budget

A financial plan that estimates the amount of goods or inventory a business needs to buy over a certain period to meet its sales goals.