A Correlational Study Is Used To

question 129

Multiple Choice

A correlational study is used to:

• A) determine cause and effect.
• B) determine the relationship between variables.
• C) determine dependent and independent variables.
• D) establish a representative population.

Understand the concept and functions of human resource information systems (HRIS) in HR planning.

Comprehend the implications of workforce reduction strategies for an organization.

Grasp how market wage rates can be utilized for forecasting the supply of human resources.

Understand the concept of knowledge, skills, and abilities (KSAs) and their relevance to job families.

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Definitions:

Retained Earnings

The portion of net income that is not distributed to shareholders as dividends, but rather kept by the company for reinvestment in its operations or to pay debt.

Closing Process

The accounting procedures used to close out business accounts at the end of an accounting period.

Income Summary Account

A temporary ledger account used during the closing process that accumulates revenues and expenses before transferring the net amount to the capital or retained earnings account.

Net Income

The sum of money a company retains as profit after all financial obligations and taxes are deducted from its total income.