SEM Models Are Estimated So as to

question 39

Multiple Choice

SEM models are estimated so as to .

• A) maximize the likelihood function
• B) minimize the difference between the observed and estimated covariance matrices
• C) minimize the least squared difference
• D) minimize the sum of squares between constructs
• E) A and C

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Definitions:

Public Corporations

Entities that are owned by public shareholders. These corporations have shares that are listed and traded on public stock exchanges.

International Financial Reporting Standards

A set of global accounting standards developed by the International Accounting Standards Board (IASB) that outlines how financial transactions and other events should be reported in financial statements.

Private Corporations

Businesses owned by non-governmental organizations or a relatively small number of shareholders or company members which do not offer or trade their company stock to the general public on the stock market.

Single Owner

Refers to a business structure where a single individual owns, manages, and is responsible for all aspects of the business, often known as sole proprietorship.