Factor Analysis Is Used to

question 17

Multiple Choice

Factor analysis is used to

• A)examine the effects of factors on group means.
• B)analyze data from factorial designs.
• C)examine the underlying relationships among a set of variables.
• D)test the correlation between two sets of variables.

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Definitions:

Job Classification

The system of organizing jobs into categories or grades based on the nature of the job duties, responsibilities, and qualifications required.

Point System Matrix

A structured evaluation tool that uses a numerical score to assess and compare various factors or options.

Weight Subfactors

Elements under a main category that are assigned different levels of importance or influence in an evaluation process.

Variable Pay

Compensation that is based on performance, productivity, or company success, supplementing an employee’s base salary.