The Key Question, 'On What Basis Will Numbers or Scores

question 64

Multiple Choice

The key question, 'On what basis will numbers or scores be assigned to the concept?' is asked at which stage of the measurement process?

• A) Determining the type of attitude and scale to be used to measure it
• B) Determining what is to be measured
• C) Determining how it is to be measured
• D) Determining if the measure consists of a number of measures

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Definitions:

Marginal Product Data

Information regarding the additional output that can be obtained by adding one more unit of a particular input, holding all other inputs constant.

Units of Output

are the measurable quantities of goods or services produced by a firm or economy.

Maximization of Profits

The process by which a company determines the price and output level that generates the most profit.

MP

Marginal Productivity (MP) refers to the additional output resulting from the use of one more unit of a production factor, keeping other inputs constant.