If the Number of Dummy Variables Representing a Qualitative Variable

question 74

True/False

If the number of dummy variables representing a qualitative variable equals the number of categories of this variable, one deals with the problem of perfect multicollinearity.

Understand the consequences of unethical behavior in business and its impact on stakeholders.

Identify strategies to promote ethical behavior and decision-making in organizations.

Understand the role of personal identification with organizations in ethical decision-making.

Explore gender and educational differences in ethical decision-making.

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Definitions:

Variable Costs

Expenses that change in proportion to the activity of a business, such as materials and labor costs.

Fixed Costs

Expenses that do not change with the level of goods or services produced over the short term, such as rent, salaries, and insurances.

Selling Price

The amount of money for which a product or service is sold to customers.

Variable Costs

Costs that vary directly with the level of production or service volume, such as materials and labor.