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What is the proper managerial response when there are conflicts among goals in different parts of an organization?
R-squared
A statistical measure that represents the proportion of the variance for a dependent variable that's explained by an independent variable or variables in a regression model.
Dependent Variable
A variable that responds to some causal factor; total cost is the dependent variable, as represented by the letter Y, in the equation Y = a + bX.
Independent Variable
A variable in an experiment that is manipulated to observe its effect on the dependent variable.
Variable Manufacturing Cost
Direct costs associated with manufacturing, changing with the level of output, including direct materials, direct labor, and variable manufacturing overhead.
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