If a Qualitative Variable Has K Levels, the Number of Dummy

question 18

Multiple Choice

If a qualitative variable has k levels, the number of dummy variables required is _____.

• A) k − 1
• B) k
• C) k + 1
• D) 2k

---

Definitions:

Working Papers

The documents used and developed by an accountant during an audit, such as notes, computations, and memoranda.

Audit Completion

The process wherein the examination of a company's financial records is concluded and results are compiled.

Attorney-client Relationship

A legal relationship established when an attorney agrees to provide legal representation to a client, characterized by confidentiality and a duty of care.

Privileged Communications

Confidential communications that are protected from disclosure in legal proceedings under certain conditions.