I If We Are Studying the Relationship Between High School

question 9

Multiple Choice

i. If we are studying the relationship between high school performance and college performance, and want to predict college performance, high school performance is the independent variable. ii. A financial advisor is interested in predicting bond yield based on bond term, i.e., one year, two years, etc. The dependent variable is bond yield.
iii. The variable used to predict the value of another is called the independent variable.

• A) (i), (ii), and (iii) are all correct statements.
• B) (i) and (ii) are correct statements but not (iii).
• C) (i) and (iii) are correct statements but not (ii).
• D) (ii) and (iii) are correct statements but not (i).
• E) (i), (ii), and (iii) are all false statements.

---

Definitions:

Accumulated Depreciation

The total amount of a tangible asset's cost that has been allocated as depreciation expense over its useful life.

Commercial Substance

A concept in accounting that indicates a transaction has significantly changed the economic conditions or the cash flows of an entity.

Units-Of-Production

A method of depreciation that distributes an asset's cost across its lifespan according to the quantity of units manufactured.

Double-Declining-Balance

An accelerated method of depreciation that doubles the rate at which an asset's book value decreases, resulting in higher depreciation expenses in the early years.