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NEW QUESTION: 1
A company used simple regression analysis to analyze maintenance costs against machine hours (MH) for a
26-week period when the plant was in full operation. The regression yielded the following estimated cost function:
Maintenance Cost = $60 + $0.25/MH
The regression analysis also generated a coefficient of determination (R2), or goodness of fit, of 0.85. Which of the following statements regarding this regression analysis is appropriate?
A. This regression can be used to determine the maintenance cost for any period at any activity level by substituting the machine hours in the equation.
B. The $60 component represents the best estimate of fixed maintenance costs for the company in a shutdown situation.
C. The $0.25 component is the slope coefficient of the cost estimate and represents the average variable maintenance cost per machine hour.
D. The coefficient of determination of R2 = 0.85 indicates that the goodness of fit is poor because the value is close to the maximum value of one.
Answer: C
NEW QUESTION: 2
A. Option B
B. Option D
C. Option C
D. Option A
Answer: D
NEW QUESTION: 3
Employee complaints often arise from:
A. Poor management
B. Management having operating problems
C. Employees airing their grievances
D. A form of substitution for expressing their fears and frustrations concerning their personal lives
E. All of the above
F. Dissatisfaction
Answer: D
CTSC FAQ
Q: What should I expect from studying the CTSC Practice Questions?
A: You will be able to get a first hand feeling on how the CTSC exam will go. This will enable you to decide if you can go for the real exam and allow you to see what areas you need to focus.
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Q: I am new, should I choose CTSC Premium or Free Questions?
A: We recommend the CTSC Premium especially if you are new to our website. Our CTSC Premium Questions have a higher quality and are ready to use right from the start. We are not saying CTSC Free Questions aren’t good but the quality can vary a lot since this are user creations.
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A: Reach out to us here CTSC FAQ and drop a message in the comment section with any questions you have related to the CTSC Exam or our content. One of our moderators will assist you.
CTSC Exam Info
In case you haven’t done it yet, we strongly advise in reviewing the below. These are important resources related to the CTSC Exam.
CTSC Exam Topics
Review the CTSC especially if you are on a recertification. Make sure you are still on the same page with what APICS wants from you.
CTSC Offcial Page
Review the official page for the CTSC Offcial if you haven’t done it already.
Check what resources you have available for studying.
Schedule the CTSC Exam
Check when you can schedule the exam. Most people overlook this and assume that they can take the exam anytime but it’s not case.