________ Involves the Transformation of Data to Create New Variables

question 74

Multiple Choice

________ involves the transformation of data to create new variables or modify existing ones.

• A) Transformational displacement
• B) Transform and reform
• C) Transform and modify
• D) Variable streamlining
• E) Variable respecification

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Definitions:

Plastics Industry

An economic sector involved in the production, distribution, and recycling of plastic materials and products.

Economic Profits

The excess of total revenues over the total costs (including both explicit and implicit costs) of a business.

Entrepreneurial Talent

The unique set of abilities, creativity and initiative needed to identify market opportunities and create new businesses.

Implicit Costs

The opportunity costs of using resources owned by the firm for its own production instead of earning revenue from these resources elsewhere.