A Positive Relationship Exists Between Two Variables If

question 252

Multiple Choice

A positive relationship exists between two variables if

• A)a decrease in one variable is associated with a decrease in the other variable.
• B)a decrease in one variable is associated with an increase in the other variable.
• C)one variable has 'positively' no effect on the other variable.
• D)an increase in one variable is associated with both a decrease and an increase in the other variable.
• E)None of the above answers is correct.

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Definitions:

Functional Currency

The currency of the primary economic environment in which an entity operates and carries out its day-to-day transactions.

Exchange Rate

The value of one currency for the purpose of conversion to another.

Historical Cost

The original monetary value of an asset or transaction, without adjustments for inflation or other factors.

Functional Currency

represents the currency of the primary economic environment in which an entity operates, crucial for financial reporting and determining the entity's financial results and position.