Which of the Following Survey Items Would Generate a Discrete

question 22

Multiple Choice

Which of the following survey items would generate a discrete variable?

• A) How old are you?
• B) How long does it take you to commute to work?
• C) How much did you pay in taxes last year?
• D) How many cars do you own right now?

Familiarize with the SCOR model and the metrics used to measure supply chain performance.

Comprehend the concept and stages of the "order-to-cash" cycle.

Recognize the four major categories used to examine logistics and supply chain performance.

Identify the key components and challenges of order management.

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Definitions:

Long Run

A period in which all factors of production and costs are variable, allowing firms to adjust all inputs in response to market conditions.

Short Run

A period in economics during which at least one input or resource is fixed, limiting the ability of the firm to adjust all inputs freely.

Market Demand

Represents the total quantity of a good or service that all consumers in a market are willing and able to purchase at various prices over a specific period of time.

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in the price of that good, expressed as a percentage.