A risk manager was attempting to estimate how many physical damage claims would be reported for vehicles in the company's fleet the following year. He decided to perform a regression analysis using "number of vehicle claims" as the dependent variable. It would make sense to use each of the following variables as the independent variable EXCEPT:
(a) number of vehicles in the fleet
(b) gallons of fuel used by fleet vehicles
(c) number of people employed by the company
(d) number of miles driven by fleet vehicles per year
Ans: (c) number of people employed by the company
Business
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The use of yellow-dog contracts was stopped by the:
A. federal courts. B. Sherman Act. C. Clayton Act. D. Railway Labor Act and the Norris LaGuardia Act.
Business
When the Food and Drug Administration prohibits a certain drug from being marketed in the United States, this is A) private law
B) an agency regulation. C) legal negativism. D) an executive order.
Business