A Manager Has Collected Data on the Dollar Value of Sales

question 63

Multiple Choice

A manager has collected data on the dollar value of sales and has divided this by the number of FTE.Assuming this relationship will hold in the future, and using projected sales, the manager estimates the number of employees required.This is an example of ________.

• A) regression analysis
• B) ratio analysis
• C) trend analysis
• D) Markov analysis

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Definitions:

Capital Income

This term refers to the total amount of money generated from investments, dividends, interest, and any other sources other than labor earnings.

Rent

A regular payment made for the use of land, property, or equipment.

Opportunity Cost

The skipping of feasible improvements from various alternatives due to settling on one.

Own Savings

The portion of personal or household income that is not spent on consumption but is kept aside for future use, investments, or emergencies.