If a Regression Analysis Shows an R Factor of 0

question 245

Multiple Choice

If a regression analysis shows an R factor of 0.15, it is safe to assume

• A)a strong positive relationship between cost and volume.
• B)a strong negative relationship between cost and volume.
• C)a perfect positive relationship between cost and volume.
• D)a very weak relationship between cost and volume.

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Definitions:

Internal Benchmarking

The process of comparing business processes and performance metrics to the best practices from within the same organization.

Process Benchmarking

The process of assessing business methods and performance statistics by benchmarking them against the best practices in the industry or those adopted by other companies.

Industry Benchmarking

The process of comparing a company's performance metrics with those of the leaders in its industry to identify areas for improvement.

Balanced Scorecard

The Balanced Scorecard is a strategic planning and management system that uses financial and non-financial performance metrics to monitor and improve an organization’s performance.