Increasing Sales by 4 Percent in the Next Eight Months

question 119

Multiple Choice

Increasing sales by 4 percent in the next eight months is an example of what kind of goal?

• A) tactical
• B) strategic
• C) short-term
• D) intermediate
• E) long-term

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Definitions:

Elements

The entities on which data are collected.

Samples

Collections or subsets of data taken from a larger population, used to analyze and make inferences about the population.

Ordinal Scale

The scale of measurement for a variable if the data exhibit the properties of nominal data and the order or rank of the data is meaningful. Ordinal data may be nonnumeric or numeric.

Interval Scale

The scale of measurement for a variable if the data demonstrate the properties of ordinal data and the interval between values is expressed in terms of a fixed unit of measure. Interval data are always numeric.