In Factor Analysis,"communality" Is a Measure of the Percentage of a Variable's

question 11

True/False

In factor analysis,"communality" is a measure of the percentage of a variable's variation that can be explained by the factors.

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Definitions:

Weighted-Average Method

An inventory costing method that assigns an average cost to each unit of inventory, factoring in both the cost and quantity of goods available.

Material Cost

The total expense incurred to acquire materials used in the making of a product, including direct and indirect materials.

Job-order Costing

A costing method used to track costs specifically associated with a given job or project, allowing for detailed monitoring of expenses.