What Is Meant by the Term 'Latent Variable

question 11

Multiple Choice

What is meant by the term 'latent variable'?

• A) A variable that cannot be measured directly
• B) A variable that acts as a 'master' predictor variable
• C) A variable that is used to predict multiple outcome (i.e. dependent) variables
• D) A variable that is not correlated with any other variables of interest

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Definitions:

Income Summary

An account used in the closing process that summarizes the revenues and expenses for an accounting period, ultimately reflecting the period's net income or loss.