When selecting surrogate variables from variables with similarly high loadings, the choice should be based on ________
A) measurement considerations
B) theoretical considerations
C) Both A and B are correct
D) the variable with the highest loading on a factor
C
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Which is a true statement regarding the accounting equation?
A) The equation can be stated as assets minus liabilities equals equity. B) The equation consists of three parts: assets, liabilities, and net income. C) The equation is an optional tool for accountants to use. D) The equation does not need to balance during a specific period
The best policy concerning recordkeeping is to:
A) retain all records for three years before discarding them B) require written responses instead of substituting checkmarks C) record only those details that cannot be committed to memory D) require only records that provide positive benefits to those involved in the sales process E) require records on all details and processes in order to maintain sales process discipline