The Checklist Approach:​

question 50

Multiple Choice

The checklist approach:​

• A) ​requires several inspections of the country being evaluated.
• B) ​requires the use of discriminant analysis to assess country risk.
• C) ​requires ratings and weights to be assigned to all factors relevant in assessing country risk.
• D) ​involves the collection of independent opinions on country risk.

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Definitions:

Nominal Data

This data type categorizes variables without a natural order or ranking among the categories.

Ordinal Data

A type of categorical data in which the order of values is significant, but the differences between values are not necessarily consistent.

Interval Data

A type of data measurement that not only keeps order but also has consistent differences between consecutive values, without a true zero point.

Ordinal Data

Data that represent order or ranking among categories but do not quantify the difference between categories, such as educational levels or satisfaction ratings.