An Ordinal Variable Is One That Contains Categories That

question 39

Multiple Choice

An ordinal variable is one that contains categories that:

• A) have an obvious order, but the difference in values is not meaningful.
• B) do not have an obvious ordering.
• C) have an obvious ordering, and the difference in values is meaningful.
• D) None of the answers is correct.

Understand the concept and implications of functional and dysfunctional turnover within organizations.

Understand the types of costs associated with organizational stress.

Differentiate between healthy (eustress) and unhealthy stress (distress).

Recognize emotional exhaustion and its causes.

---

Definitions:

Economies of Scale

The cost advantage that arises with increased output of a product, as costs are spread over a larger number of goods.

Wealth of Nations

A seminal book by Adam Smith that discusses economic principles and introduces the concept of the “invisible hand” guiding free markets.

Diseconomies of Scale

A situation where, as a firm's production scales up, the costs per unit increase, contrary to economies of scale.

Long-run Total Costs

The total costs incurred by a firm when all factors of production are variable, and the firm can change its scale of operation.