Which of the Following Pairs of Variables Is Most Likely

question 143

Multiple Choice

Which of the following pairs of variables is most likely to be directly related?

• A) sales of toothpaste and sales of running shoes
• B) the price of ice cream and the price of airline tickets
• C) the number of children in a family and the number of toys the family owns
• D) the price of ice cream and sales of ice cream
• E) the outdoor temperature and sales of residential heating systems

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Definitions:

Sales

The transactions of selling goods or services within a specific period.

Total Asset Turnover

A financial ratio that measures the efficiency of a company's use of its assets in generating sales revenue.

Income Statement

A financial statement that shows a company's revenue and expenses over a specific period, displaying net profit or loss.

Balance Sheet

A financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time.