Communality Is ________

question 15

Multiple Choice

Communality is ________.

• A)the amount of variance a variable shares with all the other variables being considered
• B)the percentage of the total variance attributed to each factor
• C)the proportion of variance explained by the common factors
• D)both A and C are correct

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Definitions:

Consumption And Investment

Components of an economy where consumption refers to the use of goods and services for immediate satisfaction, and investment involves spending on capital goods to yield future returns.

Production Possibilities Curve

A graphical representation showing the maximum combinations of goods or services that can be produced with a fixed amount of resources.

Operating Inefficiently

Conducting business in a manner that does not maximize output or profits relative to input and resources.

Technological Advance

The development and application of innovative tools, machines, systems, and methods to improve processes, productivity, and efficiency.