One Rule of Thumb in Deciding on the Number of Factors

question 2

True/False

One rule of thumb in deciding on the number of factors to retain is to include all factors that explain at least 50 percent of the variance.

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Definitions:

Grievance Procedure

A formal process through which employees can report complaints or concerns about the workplace, typically involving a series of steps for resolution.

International Brotherhood of Teamsters

A labor union in the United States and Canada representing a diverse membership across various industries.

Part-Time Workers

Employees who work fewer hours than the standard full-time schedule, often with a proportional reduction in benefits and wages.

Job Security

The probability or likelihood that an individual will retain their job without the risk of becoming unemployed.