Which of the Following Is the Best Example of a Correlation

question 13

Multiple Choice

Which of the following is the best example of a correlation?

• A) People who work harder have higher income.
• B) People with better health work harder.
• C) The more income a person makes, the easier it is to retire.
• D) People with higher levels of income tend to enjoy better overall health.

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Definitions:

Managers' Performance

Refers to the assessment and evaluation of the effectiveness and efficiency with which managers achieve business objectives and goals.

Cost Accounting System

A system of accounting for recording, classifying, allocating, and reporting costs associated with the production of goods and services.

Managerial Accounting System

A managerial accounting system focuses on providing financial and non-financial information to an organization's internal managers for decision-making purposes.

Financial Accounting System

A financial accounting system is a structured process of recording, summarizing, and reporting the myriad of transactions resulting from business operations over a period of time.