When Researchers Conduct a Factor Analysis Procedure to See Whether

question 30

Multiple Choice

When researchers conduct a factor analysis procedure to see whether the factors they proposed in a test really exist in the test?

• A) exploratory factor analysis
• B) confirmatory factor analysis
• C) discriminant factor analysis
• D) construct factor analysis

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Definitions:

Lead Time

The timeframe between the initiation and completion of a process, such as from placing an order to its delivery.

Re-Order Point

The inventory level at which an order should be placed to replenish stock before it runs out, based on lead time and consumption rate.

Demand

The quantity of a product or service that consumers are willing and able to purchase at various prices at a given time.

Optimal Order Size

The quantity that minimizes the total cost of inventory, including holding and ordering costs.