The Two Statements Below Refer to Ordinal Level Measures

question 47

Multiple Choice

The two statements below refer to ordinal level measures.
I.Numbers used to classify responses to an ordinal level question have some mathematical meaning.
II.Ordinal level measures provide insights into both the relative standing of
Ordered objects and the relative distance between these objects.
Which,if any,of these statements is (are) true?

• A)I only
• B)II only
• C)I and II are both true
• D)Neither I nor II are true

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Definitions:

Business Model

A strategic plan outlining how a company creates, delivers, and captures value, essentially explaining how it operates and makes money.

Business Model Canvas

A strategic management template for developing new or documenting existing business models, outlining nine key components of a business.

Multisided Market

A platform or market that facilitates interactions between two or more distinct but interdependent groups of customers.

Shopping Center

A complex or area that houses multiple retail stores, services, and often includes food establishments, designed for consumers to shop at multiple locations in one vicinity.