If the Correlation Between Two Variables Is Close to One,the

question 74

Multiple Choice

If the correlation between two variables is close to one,the association between the variables is ________.

• A)strong
• B)moderate
• C)weak
• D)zero

---

Definitions:

Aging Process

A method used in accounting to categorize accounts receivable according to the length of time an invoice has been outstanding.

Accounts Receivable

Funds that are expected to be received by a company from its customers who have purchased goods or services on credit, essentially representing a line of credit extended by the business and recorded as an asset.

Income Statement Approach

The Income Statement Approach is a method used in accounting to create the income statement by focusing on revenues, expenses, and income to determine the net profit or loss for a period.

Direct Write Off Method

A method to account for bad debts by directly writing off specific invoices determined to be uncollectible.