Which of the Following Statements Is Correct

question 133

Multiple Choice

Which of the following statements is correct?

• A) When a line slopes downwards moving to the right, the variable measured on the x-axis and the variable measured on the y-axis are directly related.
• B) When a line slopes upwards moving to the right, the variable measured on the x-axis and the variable measured on the y-axis are directly related.
• C) The higher the temperature, the more ice cream people consume. Thus the temperature and ice cream consumption are inversely related.
• D) If two variables are directly related, a graph of the two variables has a negative slope.
• E) None of the above statements is correct.

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Definitions:

Credit

An accounting entry that increases a liability or equity account, or decreases an asset or expense account.

Prepaid Rent Payment

An advance payment of rent that is made before it is due, typically recorded as an asset on a balance sheet until utilized.

Balance Sheet

A summary report of a business's assets, debts, and equity held by shareholders, captured at a certain date to represent the organization's fiscal status.

Monthly Rent

The regular payment made to a landlord or property owner for the use of premises or equipment for a month.