Determine Which of the Following Describes Nominal Data $\mathrm { i }$

question 38

Multiple Choice

Determine which of the following describes nominal data.
i. My favorite days of the week are Friday, Saturday, and Tuesday.
ii. My favorite day of the week is Friday, my second-favorite is Saturday, and third-favorite is Tuesday.

• A) both \(\mathrm { i }\) and ii
• B) neither i nor ii
• C) ii only
• D) i only

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Definitions:

Partnership

A legally recognized arrangement in which two or more persons co-manage a business and distribute its profits among themselves.

Sole Proprietorship

A business owned and operated by a single individual, with no legal distinction between the owner and the business.

Bankruptcy

A legal status of a person or entity that cannot repay debts to creditors and seeks relief through court proceedings.

Small Businesses

Enterprises characterized by smaller scale operations, fewer employees, and less revenue compared to larger corporations.