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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.
Productivity
A measure of efficiency, often quantified as the ratio of outputs to inputs in the production process.
Efficiency
The ratio of the useful output produced by a system to the input provided, measuring the system's ability to optimize resources.
Employees' Rewards
The various forms of compensation, benefits, and recognition provided to employees for their contributions to the organization.
Financial Performance
A measure of how well a company can use assets from its primary mode of business to generate revenues.
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