Which of the Following Refers to Levels on Which Variables

question 1

Multiple Choice

Which of the following refers to levels on which variables may be measured?

• A)Nominal
• B)Ordinal
• C)Interval
• D)All of the above

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Definitions:

Independent Demand

The need for a product or material that is not influenced by the demand for other items but is determined by external market conditions or customer orders.

Dependent Demand

Demand for components or materials directly tied to the production of another product, typically calculated rather than forecasted.

Quick Response

An inventory strategy that aims to reduce lead times and increase supply chain flexibility to meet customer demand more effectively.

Multiple Orders

The process of placing or receiving more than one order for products or services at the same time or within a similar timeframe.