The Percentage of the Total Variance Attributed to Each Factor

question 40

True/False

The percentage of the total variance attributed to each factor analysis model is called the percentage of variance.

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Definitions:

Strategic Change

Alterations made to the overall goals, operations, cultures, or major components of an organization to address internal or external challenges.

Transformational Change

A significant, radical change in an organization that fundamentally alters its culture, operations, and direction, often in response to major external shifts.

Workforce Diversity

The inclusion of a wide range of differences among employees in an organization, including race, gender, age, culture, and physical ability.

External Force

Influences from outside an organization that can affect its performance, operations, and strategy, such as market trends or regulatory changes.