A Person Who Seeks to Earn Profits by Finding Ways

question 102

Multiple Choice

A person who seeks to earn profits by finding ways to organize factors of production is called a(n) :

• A) foreman
• B) finance capitalist.
• C) entrepreneur.
• D) manager.

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Definitions:

Interaction Effect

A phenomenon in statistical analysis where the effect of one variable on an outcome is different depending on the level or value of another variable.

Main Effect

In the context of statistical analysis, especially ANOVA, refers to the direct impact of an independent variable on a dependent variable.

Degrees of Freedom

The number of values in the final calculation of a statistic that are free to vary, often associated with the sample size.

Two-way ANOVA

A statistical test used to determine the effect of two independent variables on a dependent variable.