A Bivariate Relationship Between Two Variables Measured at the Ordinal

question 32

Multiple Choice

A bivariate relationship between two variables measured at the ordinal level or higher in which the variables vary in opposite directions is called a

• A)strong link.
• B)weak link.
• C)positive relationship.
• D)negative relationship.

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Definitions:

Ending Inventory

The total value of all inventory that a company has in stock at the end of an accounting period.

Liabilities

Financial obligations or debts owed by a company to creditors, typically classified as either current or long-term.

Contingent Liability

A potential obligation that may be incurred depending on the outcome of a future event or set of circumstances.

Net Income

The net income of a business once all deductions including expenses, taxes, and other costs are taken from the total earnings.