A Proposed Structural Model Involves Four Constructs,two of Which Are

question 2

Multiple Choice

A proposed structural model involves four constructs,two of which are exogenous.X1 and X2 together cause Y1,which in turn causes Y2.What term describes this model?

• A) descriptive
• B) nonrecursive
• C) empirical
• D) recursive
• E) None of the above

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Definitions:

Insurable Interest

A stake in the wellbeing or value of an entity or property sufficient to permit an insurance policy to be issued on its behalf.

Potential Damage

Refers to the possible harm or losses that may occur as a result of an action or event.

Insurable Interest

A stake in the value of an entity or event for which an insurance policy is purchased, ensuring financial protection against losses.

Suit Against

This term generally describes the initiation of legal action or litigation by one party against another.