Categorical Variables Can Be Classified as Either Discrete or Continuous

question 67

True/False

Categorical variables can be classified as either discrete or continuous.

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Definitions:

Corporate Form

A form of business organization that is recognized as a separate legal entity from its owners, providing limited liability and allowing ownership to be easily transferred.

Government Regulation

The laws and rules enacted by government agencies to supervise and control activities within various industries and sectors.

Separate Legal Existence

The concept that a corporation's identity is legally distinct from its owners, thus it can own property, incur debts, and be sued in its own name.

Continuous Life

A characteristic of corporations where the company’s existence is not affected by changes in ownership or management, ensuring perpetual continuity.