________ Is a Class of Techniques Used to Classify Objects

question 17

Multiple Choice

________ is a class of techniques used to classify objects or cases into relatively homogeneous groups.

• A)Principal components analysis
• B)Cluster analysis
• C)Common factor analysis
• D)Conjoint analysis

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Definitions:

Open Price Term

In a contract, a provision that allows the price to be determined later based on agreed criteria or market conditions.

Finance Lease

A type of lease in which it is assumed that the lessee will use the leased asset for a significant portion of its useful life, and the lease payments cover the full cost of the asset along with providing a return to the lessor.

Secured Transaction

A financial agreement in which the borrower pledges collateral to the lender to secure repayment of a loan.

Cisg

The United Nations Convention on Contracts for the International Sale of Goods, a treaty providing a uniform framework for international commercial transactions.