The USBureau of Labor Statistics (BLS) Compiles Data on a Number

question 201

Multiple Choice

The U.S.Bureau of Labor Statistics (BLS) compiles data on a number of variables.Which of the following BLS variables is categorical?

• A)Consumer expenditures
• B)Type of workplace injuries
• C)Wages by occupation
• D)Employment costs
• E)Productivity by industry

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Definitions:

Risk

The exposure to the chance of loss or adverse outcomes, which can stem from financial, operational, or strategic uncertainties.

Decision-Making

The act of choosing by pinpointing a decision, acquiring information, and considering various alternatives.

Use of intellect

The capability of applying knowledge and reasoning in problem-solving and decision-making processes.

Intuition

Relying on gut feelings or instincts to make decisions without the use of rational processes.