The Systematic Statistical Approach That Attempts to Find Clusters of Behaviours

question 185

True/False

The systematic statistical approach that attempts to find clusters of behaviours that are correlated with one another is known as factor analysis.

Understand the fundamental trade-offs in economic decisions.

Grasp the concepts of scarcity and how it affects choices.

Comprehend the difference between equality and efficiency in economic terms.

Recognize the basic principles of decision making in economics.

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Definitions:

Herzberg

Refers to Frederick Herzberg, an American psychologist known for introducing the two-factor theory, also known as Herzberg's motivation-hygiene theory, in workplace management.

Behavior Modification

A therapeutic approach aimed at changing specific behaviors using various techniques such as reinforcement and punishment.

Skinner's Belief

Refers to B.F. Skinner's theory that behavior is determined by its consequences, reinforcements, or punishments, which lead to an increase or decrease in that behavior.

ERG Theory

A motivation theory proposed by Clayton Alderfer that categorizes human needs into three types: existence, relatedness, and growth, reshaping Maslow's hierarchy of needs.