The Following Correlations Were Computed as Part of a Multiple

question 46

Multiple Choice

The following correlations were computed as part of a multiple regression analysis that used education, job, and age to predict income. Which independent variable has the strongest association with the dependent variable?

• A)Income
• B)Age
• C)Education
• D)Job

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Definitions:

Accounts Payable

Liabilities owed by a business to its creditors for goods and services received, but not yet paid for.

Notes Payable

A financial accounting term that represents a written promise to pay a certain amount of money, typically with interest, on or before a specified date.

Profitability Ratios

Measures of a company’s overall financial performance by evaluating its ability to generate revenues in excess of expenses.

Inventory Turnover

Inventory turnover is a ratio showing how many times a company's inventory is sold and replaced over a specific period, indicating the efficiency of inventory management.