It Is Recommended That the Factors Extracted Should Account for at Least

question 70

Multiple Choice

It is recommended that the factors extracted should account for at least ________ of the variance.

• A)50 %
• B)60%
• C)65%
• D)70%

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Definitions:

Medical Supplies

Products and equipment used in healthcare practices for treatment, diagnosis, or preventive care purposes.

Activity Variance

A disparity that arises when the actual level of business activity differs from what was planned or expected.

Personnel Expenses

The costs associated with employing staff, including wages, salaries, benefits, and taxes.

Direct Labor

The wages of employees directly involved in the production of goods or services, considered a variable cost.