Explain exogenous and endogenous constructs
What will be an ideal response?
An exogenous construct is the latent, multi-item equivalent of an independent variable in traditional multivariate analysis. Multiple observed variables or items are used to represent an exogenous construct that acts as an independent variable in the model. An exogenous construct is determined by factors outside of the model, and it cannot be explained by any other construct or variable in the model. Graphically, an exogenous construct does not have any paths (single-headed arrows) coming into it from any other construct or variable in the model; it will only have paths (single-headed arrows) going out of it.
In contrast, an endogenous construct is the latent, multi-item equivalent of a dependent variable. It is determined by constructs or variables within the model and thus it is dependent on other constructs. Graphically, an endogenous construct has one or more paths (single-headed arrows) coming into it from one or more exogenous construct or from other endogenous constructs.
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When is nonperformance by a contractual party excusable?
What will be an ideal response?
A company with fixed costs of $200,000 per month believes that they have this holiday season's hot selling item, a towel that folds itself into a variety of shapes so you can turn your own home into a cruise ship cabin
They believe they can sell 100,000 units and need to determine a minimum price that will cover their fixed and variable costs, with the latter being $45 per unit. A) $45.20 B) $46.50 C) $46.80 D) $47.00