Transitivity of Preference Is an Assumption Made in Order to Convert

question 38

True/False

Transitivity of preference is an assumption made in order to convert constant sum data to rank order data.It implies that if brand A is preferred to brand B and brand B is preferred to brand C,then brand A is preferred to brand C.

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Definitions:

Breach of Contract

The violation of any terms or conditions in a contract without legal justification.

Valid License

An official permission or permit that meets all legal requirements to engage in a particular activity or profession.

Employment Agreement

An official document outlining the terms and conditions of employment between an employer and employee.

Traditional Rule

A conventional or longstanding guideline or principle that is generally followed within a specific field or context.