Author Question: Discuss the difference between exogenous constructs and endogenous ... (Read 148 times)

pragya sharda · **on:** Jun 28, 2018

Discuss the difference between exogenous constructs and endogenous constructs.

Question 2

Financial data from different countries tend to be the same due to standardization of accounting and recording practices for economic concepts.

Indicate whether the statement is true or false

Silverbeard98 · **Reply #1 on:** Jun 28, 2018

Answer to Question 1

Exogenous constructs are the latent variable equivalent of independent variables. Endogenous constructs are the latent variable equivalent of dependent variables.

Answer to Question 2

F
Although economic terminology may be standardized, various countries use different definitions and accounting and recording practices for many economic concepts.