Which of the Following Correlation Coefficients Indicates a Perfect Positive

question 65

Multiple Choice

Which of the following correlation coefficients indicates a perfect positive relationship?

• A)+1.0
• B)-1.0
• C)0
• D)+10
• E)-6.67

Appreciate the role of inventory management in financial performance and decision-making.

Identify how the choice of inventory method affects gross profit calculation.

Understand the concept of phantom or paper profits and their implications.

Comprehend the importance of accurate physical inventory counts and their impact on financial statements.

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Definitions:

Reporting Entities

Organizations or entities that are required to prepare financial statements to provide information to external users such as investors, creditors, and regulatory agencies.

Control

The power to govern the financial and operating policies of an entity so as to obtain benefits from its activities.

Significant Influence

The power to participate in the financial and operating policy decisions of an investee without having control or joint control over those policies.

Presumptive Test

A preliminary test based on presumptions established by criteria or evidence that suggests or implies a certain condition or outcome.