Determine Which of the Four Levels of Measurement Is

question 44

Multiple Choice

Determine which of the four levels of measurement is most appropriate.
-Amount of fat (in grams) in cookies.

• A)Ratio
• B)Nominal
• C)Interval
• D)Ordinal

Distinguish between technical skills and human skills and their significance in management.

Recognize the importance of lifelong learning for long-term career success.

Identify the role and functions of a manager according to Mintzberg’s managerial roles.

Understand the concepts of virtual teams and their operations within organizations.

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Definitions:

Inferior Good

A type of product whose demand decreases when the income of consumers increases and vice versa.

Demand Coefficient

A measure that indicates the sensitivity or responsiveness of the quantity demanded of a good or service to changes in its price.

Normal Good

A good for which demand increases as the income of individuals or the economy grows, and decreases when income falls.

Income Responsiveness

The degree to which demand for a product or service changes in response to changes in consumer income.