Factor Analysis Is a Procedure That Enables Psychologists to Do

question 18

Multiple Choice

Factor analysis is a procedure that enables psychologists to do which of the following?

• A) Decide if the difference between two groups is reliable.
• B) Decide if one variable causes another.
• C) Identify which of many variables is the primary influence on an outcome.
• D) Identify which of many variables cluster to measure the same underlying construct.

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Definitions:

Direct Labor Cost

The total cost of wages paid to labor directly involved in the production of goods or services.

Manufacturing Overhead Cost

Expenses related to manufacturing that are not directly tied to a specific product, such as factory rent and utilities.

Selling Expense

Costs incurred to secure customer orders and deliver the finished product to the customer, including advertising and sales staff salaries.

Product Costs

Costs that are incurred to acquire or manufacture a product, including direct materials, direct labor, and manufacturing overhead.