Those Variables That Are Not Controlled, Accounted For, or Included

question 23

Multiple Choice

Those variables that are not controlled, accounted for, or included in a study by the researcher and that could serve as alternate explanations for the findings are called

• A) proxy variables
• B) extraneous variables
• C) treatment variables
• D) exogenous variables

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Definitions:

Marginal Cost

The extra expenditure required to produce one additional unit of a product or service.

Marginal Benefit

Marginal Benefit is the additional satisfaction or utility gained by consuming one more unit of a good or service.

Expected Profitability

The forecasted return on investment for a business activity or project, considering potential profits and losses.

Interest-Rate Cost

The expense associated with borrowing money, reflected as a percentage of the total amount borrowed.