If a Correlation Is -1

question 137

Multiple Choice

If a correlation is -1.00,then which type of relationship exists?

• A) perfect negative
• B) moderately strong
• C) weak
• D) nonexistent

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Definitions:

Activity Variance

The difference between the budgeted and actual amount of an activity, such as hours worked or units produced, affecting budget and cost planning.

Budgeting

A financial planning process that involves the estimation of future revenues and expenses over a specified period.

Personnel Expenses

Costs associated with employing staff, including wages, benefits, and taxes.

Client-visits

Meetings or engagements with clients outside the company's premises for business discussions or services.