Which Theoretical Approach Uses Factor Analysis to Determine the Number

question 4

Multiple Choice

Which theoretical approach uses factor analysis to determine the number of factors necessary to describe human personality?

• A) the psychoanalytic approach
• B) the trait approach
• C) the humanistic approach
• D) the social-cognitive approach

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Definitions:

Returns to Scale

The rate at which production output increases in response to proportional increases in all inputs.

Average Cost

The average cost is the total cost of production divided by the number of units produced, reflecting the cost per unit of output.

Marginal Cost

The supplementary expenditure required to produce an extra unit of a product or service.

Diminishing Returns

An economic principle stating that as investment in a particular area increases, the rate of profit from that investment, after a certain point, cannot continue to increase if other variables remain constant.