When Organizing a Frequency Table for a Variable Measured at the Ordinal

question 18

Multiple Choice

When organizing a frequency table for a variable measured at the ordinal level:

• A)categories may be arranged from lowest to highest.
• B)categories are not in order.
• C)categories may be arranged from highest to lowest.
• D)a & c

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Definitions:

Franchisor

An entity or individual that grants another party the right to conduct business under their trademark or trade name in exchange for a franchisee fee and a percentage of franchise operation sales.

Franchisee

An individual or company that is granted the license to do business under the franchisor's trademark, brand, and business model.

Capital Costs

Expenses incurred to create, purchase, or improve fixed assets such as buildings, machinery, and equipment, considered long-term investments.

Return on Marketing Investment

A measure used to evaluate the efficiency and profitability of investment in marketing, calculated by dividing the profit generated from marketing by the cost of the marketing efforts.