In the Factor Analysis Output,the Proportion Refers to

question 13

Multiple Choice

In the factor analysis output,the proportion refers to

• A) the total sum-of-squares error in the factor
• B) the portion of the error that remains unexplained by that factor
• C) how much incremental variance is accounted for by each successive factor
• D) how much of the total variance is explained by all of the factors taken together up to that factor

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Definitions:

Overhead Costs

Expenses associated with running a business that cannot be directly tied to a specific product or service, such as rent, utilities, and management salaries.

Cost Driver

A factor that causes the cost of an activity or a process to change.

Activity Drivers

Factors that influence the cost of business activities by determining the level of effort or resources required.

Labour Hours

Refers to the total amount of work time spent by employees, including both direct and indirect labor activities.