The Following Table Shows the Number of Workdays Absent Based

question 135

Multiple Choice

The following table shows the number of workdays absent based on the length of employment in years. i. The independent variable (X) is the number of years employed.
ii. The dependent variable (Y) is the number of work days absent.
iii. The slope of the linear equation is -0.6852.

• 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.

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Definitions:

Total Asset Turnover

A financial ratio that measures the effectiveness of a company in utilizing its assets to generate sales or revenue.

Net Sales

The total revenue from goods or services sold by a company, after deducting returns, allowances for damaged goods, and discounts.

End-of-Year

A term that refers to the conclusion of a fiscal or calendar year, a time often used for accounting and inventory purposes.

Additional Costs

Additional costs refer to expenses that are not typically included in the initial budget or cost estimates, such as unexpected fees, charges, or overheads.