When You Add State Fixed Effects to a Simple Regression

question 7

Multiple Choice

When you add state fixed effects to a simple regression model for U.S.states over a certain time period,and the regression R2 increases significantly,then it is safe to assume that

• A)the included explanatory variables,other than the state fixed effects,are unimportant.
• B)state fixed effects account for a large amount of the variation in the data.
• C)the coefficients on the other included explanatory variables will not change.
• D)time fixed effects are unimportant.

Identify the purposes and types of accounting journals.

Understand the procedures for recording transactions in special and general journals.

Recognize the order and system of processing sales, collections, and adjustments in accounting systems.

Distinguish between manual and computerized accounting systems.

---

Definitions:

Desire for Independence

The intrinsic motivation or drive of individuals to control their own actions, make independent decisions, and be self-reliant.

Need For Autonomy

An individual's desire for self-direction and the freedom to make their own choices.

Herzberg's Theory

A motivation theory, also known as the Two-Factor Theory, suggesting that certain factors in the workplace lead to job satisfaction, while others lead to dissatisfaction.

Job Dissatisfaction

The feeling of unhappiness or discontent with one's job, often due to factors like poor working conditions, unsatisfactory pay, or lack of recognition.