Prior to Beginning Your Factor Analysis, Which of the Following

question 22

Multiple Choice

Prior to beginning your factor analysis, which of the following would be appropriate initial checks to perform on your data? (You may select more than one option.)

• A) Sample size calculation
• B) Correlations between variables
• C) Factor rotation
• D) Reliability check

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Definitions:

Communicating Objectives

The process of clearly and effectively sharing goals and targets with relevant stakeholders or team members.

Ending Inventory

The total value of all inventory still available for sale at the end of an accounting period, calculated by adding new purchases to beginning inventory and subtracting the cost of goods sold.

Ethical Budgeting

The practice of creating budgets that reflect moral principles and considerations, ensuring resources are allocated in a fair and responsible manner.

Fudge Factor

An additional amount or adjustment made to an estimate to account for potential error or uncertainty.