Which of the Following Is True About Interval and Ratio

question 57

Multiple Choice

Which of the following is true about interval and ratio scales?

• A)in a ratio scale, a score of zero means the absence of the phenomenon being measured
• B)in an interval scale, it is not possible to achieve a score of zero
• C)equal intervals exist in interval scales, but such is not the case in ratio scales
• D)equal intervals exist in ratio scales, but such is not the case in interval scales

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Definitions:

Safety Inventory

Inventory kept as a precaution against supply and demand fluctuations, aiming to prevent stockouts and maintain service levels.

Single Sourcing

The procurement practice of acquiring goods or services from one selected supplier.

Buyer-Specific Investment

Investments made by a company tailored to the needs or specifications of a single buyer, often to strengthen the business relationship or secure long-term contracts.

Procurement Goal

Objectives set by an organization’s procurement department focusing on acquiring goods and services to meet its needs in terms of quality, quantity, timing, and cost.