Which of the Following Is a Characteristic of Exploratory Factor

question 9

Multiple Choice

Which of the following is a characteristic of exploratory factor analysis (EFA) ?

• A) It is conducted when a researcher wants to assess the extent to which the hypothesized organization of a set of identified factors fits the data obtained.
• B) It is used when a researcher wants to cross-validate the underlying factor structure of a construct with another sample.
• C) It is conducted when a researcher wants to identify the factors necessary to explain the interrelationships among a set of indicators or items.
• D) It is used when a researcher wants to test the hypothesis that a relationship between observed variables and their underlying latent constructs exists.

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Definitions:

Capacity Allocation

The process of distributing available resources or capacity among various operations, processes, or production orders to maximize efficiency and meet demand.

Intermediate Future

A period that lies between the near future and the distant future, often used in the context of forecasting or planning over a few years to a decade.

Perishable Inventory

Items or goods that have a limited lifespan or shelf life, requiring careful inventory management to minimize losses due to spoilage or obsolescence.

Yield Management

A pricing strategy that uses understanding of consumer behavior and market demand to maximize revenue, often used in the airline and hotel industries.