The Concept of Metric Ordinal Is Useful Because

question 16

Multiple Choice

The concept of metric ordinal is useful because

• A)its metric quality means that it is more useful worldwide as opposed to the English/American system of measuring in inches and ounces
• B)there is little error involved in treating it as if it were interval level
• C)it adds information to data used with nominal-level statistics
• D)all of the above

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Definitions:

Operational Risk

The risk of loss resulting from inadequate or failed internal processes, people, and systems, or from external events.

Remote Employees

Workers who are employed by a company but perform their job duties from a location outside of the traditional office environment, often from home or another remote setting.

Business Strategy

The plan and actions a company takes in order to achieve its business goals and to secure a competitive position in the market.

Abject Poverty

A condition characterized by extreme poverty where individuals lack the basic necessities of life, such as food, clothing, and shelter.