Prince Edward Company Produces Hand-Held Calculators $$\begin{array} { l l } \text { Intercept } & 985 \\\text { X Variable 1 } & 9.82\end{array}$$

question 150

Multiple Choice

Prince Edward Company produces hand-held calculators. The company controller wanted to calculate the fixed and variable costs associated with the maintenance cost incurred by the factory. Data for the past four months were collected.Coefficients shown by a regression program are as follows:
$\begin{array}{lrr}& \text { Maintenance } & \text { Machine } \\\text { Month } & \text { cost } & \text { hours }\\\text { March } & \$ 4,180 & 328 \\\text { April } & 3,956 & 310 \\\text { May } & 4,686 & 386 \\\text { June } & 4,240 & 352\end{array}$ $$\begin{array} { l l } \text { Intercept } & 985 \\\text { X Variable 1 } & 9.82\end{array}$$
-Refer to the Figure.What is the variable rate of maintenance cost when using the results of regression?

• A)$9.82 per machine hour
• B)$9.85 per machine hour
• C)$12.14 per machine hour
• D)$12.74 per machine hour

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Definitions:

Bases Of Power

Conceptual framework identifying different sources of power within organizational and interpersonal dynamics, such as coercive, reward, legitimate, expert, and referent power.

French And Raven

Refers to social psychologists John R. P. French and Bertram Raven who developed a framework of bases of power, explaining different forms of power and influence.

Referent Power

The influence one possesses based on others' admiration or respect towards them, often leveraging the desire of others to identify and be associated with the person.

Informational Power

Power derived from possessing knowledge or information that others find useful or valuable.