Two Variables Interact When

question 20

Multiple Choice

Two variables interact when

• A)the effect of one independent variable depends on the level of the other independent variable.
• B)both variables are affected equally by some third factor.
• C)there are no main effects.
• D)there are main effects.

Recognize the difference between direct and indirect expenses for department stores.

Understand the various performance measures for investment centers, including income from operations, ROI, and residual income.

Identify the components of ROI, including the profit margin and investment turnover, and understand their implications.

Recognize the concept of residual income as a performance measure and how it is calculated.

---

Definitions:

Local Law

Local law refers to regulations, ordinances, and statutes that are enacted by local government entities, such as cities or counties, to govern matters within their jurisdiction.

Bilateral Mistake

A mutual misunderstanding regarding a basic assumption on which a contract is based, potentially rendering the agreement void or voidable.

Rescission

The process of revoking, cancelling, or repealing a contract, returning all parties involved to their positions prior to the agreement.

Opinion

A statement by a court expressing the reasons for its decision in a case.