A Respondent of a Survey Indicates That He Owns the Home

question 11

Multiple Choice

A respondent of a survey indicates that he owns the home that he currently resides. This is an example of ------- data.

• A)ordinal
• B)interval
• C)ratio
• D)nominal

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Definitions:

Supply Chain

A network of all entities involved in creating and distributing a product, from raw material sourcing to production, and delivery to the end user.

Predictable Variability

Variations in demand, supply, or other processes that can be anticipated or forecasted based on historical data and trends, allowing for better planning and management.

Demand

The consumer's desire and willingness to pay for a product or service, influencing company production and pricing strategies.

Manage Capacity

The process of planning, implementing, and controlling resources to ensure that a business or system can meet demand without excessive cost or waste.