Binary Variables Can Only Take on the Values of 1

question 15

True/False

Binary variables can only take on the values of 1 or 2.

---

Definitions:

Common Stock

A type of equity security that represents ownership in a corporation, where holders typically have voting rights and may receive dividends.

Acquisition Transaction

The process where one company takes control of another company by purchasing a majority of its stock or assets.

Contingency Payment

A payment that is due only upon the occurrence of a specific event that is not certain to happen.