Determine Which of the Four Levels of Measurement Is

question 14

Multiple Choice

Determine which of the four levels of measurement is most appropriate.
-Salaries of college professors.

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

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Definitions:

Organization-Level

Pertains to processes, characteristics, or outcomes that are collective in nature and pertain to the entirety of an organization.

Merit Pay

A compensation strategy that rewards employees based on their performance and achievements, rather than their tenure or position.

Profit Sharing

A company's practice of distributing a portion of its profits to its employees, often as a part of their compensation package.

Piece Rate Plan

A compensation system where employees are paid based on the quantity of work they produce or tasks they complete.