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

question 31

Multiple Choice

Twenty-one executives in a large corporation were randomly selected to study the effect of several factors on annual salary (expressed in $000s) . The factors selected were age,seniority,years of college,number of company divisions to which they had been exposed,and the level of their responsibility. The results of the regression analysis follow: 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:

Inflation

The climb in the general pricing landscape for goods and services, depleting the power of procurement.

Disinflation

A reduction in the rate of inflation, indicating a slowdown in the increase of price levels across the economy, but not an absolute decline in prices.

Deflation

A decrease in the general price level of goods and services, often caused by a reduction in the supply of money or credit.

Wages

Payments made to workers for their labor, typically based on hours worked or amount produced, and a key factor in employment contracts.