In Order to Use Factor Analysis,it Is Important That the Variables

question 38

True/False

In order to use factor analysis,it is important that the variables be appropriately measured on an ordinal or nominal scale.

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Definitions:

Payable to Order

A financial term indicating that a payment should be made to a specific individual or entity whose name appears on the document.

Drawer

In banking and finance, the person who writes or issues a check or draft, instructing the bank to pay a specified amount to the person or entity named.

Contractual Capacity

The legal ability to enter into a binding contract, typically requiring parties to be of a certain age and sound mind.

Negotiation

The process whereby two or more parties discuss and attempt to reach a mutual agreement on matters of common interest.