The Presence of Association Between Two Variables Does Not Necessarily

question 10

Multiple Choice

The presence of association between two variables does not necessarily imply causation for the following reason(s) :

• A) the association between two variables may result simply from pure chance
• B) the association between two variables may be the result of the influence of a third common factor
• C) both variables may be the cause and the effect at the same time
• D) a and b
• E) a,b,and c

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Definitions:

Misc. Revenue

Miscellaneous revenue refers to income generated from activities not central to a business’s main operations.

Change Fund

Fund made up of various denominations that are used to make change for customers.

Contra-Asset

A contra-asset account is an asset account where the account balance is a negative amount. It's used to offset the value of the asset account it is associated with, such as accumulated depreciation.

Cash Register Tapes

Physical or electronic records produced by cash registers, detailing each transaction made within a business.