A Third-Order Partial Relationship Is Represented By

question 17

Multiple Choice

A third-order partial relationship is represented by:

• A)a dependent variable,a control variable and an independent variable
• B)a dependent variable,two control variables and an independent variable
• C)a dependent variable,three control variables and an independent variable
• D)a dependent variable and two independent variables

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Definitions:

Valid Consideration

An essential element of a contract, which constitutes something of value exchanged between the contracting parties.

Forbearance

Forbearance is the action of refraining from enforcing a right, obligation, or debt in a legal agreement, usually as an act of leniency by the creditor.

Sufficient Consideration

A legal concept indicating that the value exchanged in a contract is recognized as adequate, making the contract binding and enforceable.

Illusory Promise

A situation in which a party appears to commit to something but really has not committed to anything. It is not a promise and thus not consideration.