Twenty-One Executives in a Large Corporation Were Randomly Selected for a Study

question 93

Multiple Choice

Twenty-one executives in a large corporation were randomly selected for a study in which several factors were examined to determine their effect on annual salary (expressed in $000's) . The factors selected were age, seniority, years of college, number of company divisions they had been exposed to and the level of their responsibility. A regression analysis was performed using a popular spreadsheet program with the following regression output: Which of the following has the most influence on salary--20years of seniority, 5 years of college or attaining 55 years of age?

• A) 20 years of seniority
• B) 5 years of college
• C) attaining 55 years of age
• D) seniority, education and age all have equal influence on salary

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Definitions:

Judicial Dissolution

The process by which a court orders the dissolution or termination of an entity, such as a corporation or partnership, based on legal grounds.

LLC

Abbreviation for Limited Liability Company, a business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.

Transferable Interest

The portion of a member's ownership in a limited liability company (LLC) that can be transferred or sold to other parties, typically including the right to receive financial distributions.

Default

Failure to fulfill a legal obligation, especially failure to pay a debt on time.