A Regression Model in Which More Than One Independent Variable

question 106

Multiple Choice

A regression model in which more than one independent variable is used to predict the dependent variable is called

• A)a simple linear regression model
• B)a multiple regression model
• C)an independent model
• D)None of these alternatives is correct.

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Definitions:

Shareholder Theory

The theory that a corporation primarily has a duty to maximize shareholder value and profit, as advocated by Milton Friedman.

Firm's Purpose

A firm's purpose is its core reason for existence, encompassing its mission, values, and goals, which guides its strategies and operations.

Stakeholders

Individuals or groups that have an interest in the performance and activities of a company, including employees, customers, suppliers, and investors.

Strategic Goal

Refers to a long-term aim that guides decision-making and strategy formulation in an organization.