In Factor Analysis,naming Factors Is a Somewhat Subjective Step,combining Intuition

question 47

True/False

In factor analysis,naming factors is a somewhat subjective step,combining intuition and knowledge of the variables with an inspection of the variables that have high loadings on each factor.

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Definitions:

Income Tax Expense

The amount of money a company or individual owes to the government based on their taxable income.

Income Taxes Payable

The amount of income tax a company owes to the government that has not yet been paid, typically recorded as a liability on the balance sheet.

Comparative Balance Sheet

A financial statement that presents the assets, liabilities, and shareholders' equity at different time points to analyze trends.

Net Cash

The amount of cash available after accounting for cash inflows and outflows, reflecting the actual liquidity position of an individual or business at a specific point in time.