Classify the Measurement Type in the Following Example As

question 1

Multiple Choice

Classify the measurement type in the following example as:

• A)nominal data
• B)ordinal data
• C)interval data
• D)ratio data
• Intensity of hair shade {very light, light, medium, dark, very dark}

Identify relevant costs in make-or-buy and special order decisions.

Calculate the financial advantage or disadvantage of accepting special orders under capacity constraints.

Understand the concept of opportunity costs and how they influence decision-making.

Rank products based on their profitability and strategic importance to the organization.