Data Is Collected from 20 Sales People in Order to Verify

question 41

Multiple Choice

Data is collected from 20 sales people in order to verify that the more contacts made with potential clients, the greater the sales volume. The Excel printout is shown below. This model predicts that with 25 sales contacts, sales will be:

• A) $49 576.
• B) $42 022.
• C) $190 843.
• D) $19 429.
• E) $16 605.

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Definitions:

Neocolonialism

The economic and political strategies by which powerful nations indirectly maintain or extend their influence over other countries, often through economic pressures or cultural dominance.

Capital-Using Technology

An improvement in technology that requires the use of a greater amount of capital to produce a specific quantity of a product.

Capital-Saving Technology

An improvement in technology that permits a greater quantity of a product to be produced with a specific amount of capital (or permits the same amount of the product to be produced with a smaller amount of capital).

Capital Consumption

The diminution of physical capital's value over time due to use, wear and tear, or obsolescence, also known as depreciation.