If One Calculates a Correlation of -1

question 64

Multiple Choice

If one calculates a correlation of -1.20, this coefficient of correlation indicates that a

• A)perfect negative relationship exists.
• B)moderately strong relationship exists.
• C)weak correlation exists.
• D)miscalculation has occurred.

---

Definitions:

General Journal

The general journal is a primary accounting record used to enter all transactions through debits and credits, serving as the initial point of data entry.

Accounts Receivable

Represents money owed to a company by its customers for goods or services that have been delivered but not yet paid for.

Accounts Payable

Liabilities of a business that are due to be paid to creditors within a short period, usually one year.

General Journal

A primary accounting record used to track all financial transactions of a business, entered in chronological order.