Consider the Following to Answer the Question(s) Below

question 22

Multiple Choice

Consider the following to answer the question(s) below:
A sample of firms was selected from the high tech industry (Industry = 1) and the financial services sector (Industry = 0) . Data were collected on the following variables: turnover rate, job growth, number of employees, and innovative index (higher scores indicate a more innovative and creative organizational culture) . Below are the multiple regression results.
-How much of the variability in Turnover Rate is explained by the multiple regression model?

• A) 73.9%
• B) 95.6%
• C) 9.3%
• D) 50.62%
• E) 91.39%

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Definitions:

Cost of Goods Sold

Cost of Goods Sold (COGS) refers to the direct costs attributable to the production of the goods sold by a company, including materials and labor costs.

Inventory Items

are goods or products that a business holds for the purpose of sale or production.

Gross Profit

The difference between revenue and the cost of goods sold (COGS), indicating the profit a company makes after deducting the costs associated with making and selling its products or services.

Inventory Purchases

The acquisition of goods and materials a company intends to sell in its ordinary course of business.