Twenty-One Executives in a Large Corporation Were Randomly Selected for a Study

question 61

Multiple Choice

Twenty-one executives in a large corporation were randomly selected for a study to determine the effect of several factors on annual salary (expressed in $000's) . The factors selected were age, seniority, years of college, number of company divisions they had been exposed to and the level of their responsibility. A regression analysis was performed using a popular spreadsheet program with the following regression output: Which one of the following is the dependent variable?

• A) Age
• B) Seniority
• C) Level of responsibility
• D) Annual salary

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Definitions:

Sales Curves

Graphical representations that show the variation of sales over time, often used to analyze trends and forecast future sales.

Environmental Forces

External factors such as social, economic, technological, competitive, and regulatory conditions that influence an organization's operations and outcomes.

Readily Understood

Readily understood indicates something that is easy to comprehend or grasp without requiring excessive explanation or effort.

Technological Change

The advancement and innovation in technology, impacting how products are made and services are delivered.