A Variable That Can Assume Only One of Two Possible

question 11

Multiple Choice

A variable that can assume only one of two possible outcomes that take on the values of either 0 or 1,and is used to incorporate the effect of qualitative variables in a regression model,is referred to as ________.

• A)a dummy variable
• B)a constant endogenous variable
• C)an interaction
• D)a constant

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Definitions:

Personal Liability

The legal responsibility of an individual to settle debts or damages out of their own assets.

Gross Revenues

The total amount of money earned by a business before any deductions or expenses are subtracted.

Indirectly Own Stock

Holding shares in a company through indirect means, such as owning a mutual fund or an exchange-traded fund that in turn owns the stock.

Ultra Vires Doctrine

A legal principle that acts of a corporation must fall within the limits of the powers granted by law and the corporation's own constitution.