Variables That Are Controlled for in a Model Are Called

question 3

Multiple Choice

Variables that are controlled for in a model are called

• A) normative statements.
• B) positive statements.
• C) endogenous factors.
• D) exogenous factors.
• E) the scientific method.

---

Definitions:

Limited Liability Corporation

A corporate framework that merges the direct taxation benefit of sole proprietorships or partnerships with the corporation's advantage of limited liability.

Partnership

A legal and business relationship between two or more people who collaborate and share the responsibilities, profits, and losses of running an enterprise.

Resource Plan

A detailed outline identifying the resources (such as manpower, tools, finances) required to complete a project or achieve a business objective.

Business Plan

A formal written document that outlines the goals, strategies, financial expectations, and market analysis for a business over a specific time period.