What Is One Drawback to Variables with Ordinal Measurement

question 18

Multiple Choice

What is one drawback to variables with ordinal measurement?

• A) The precise distance between values is unknown
• B) There are usually only four categories associated with them
• C) They are not useful for asking respondents where they fall on a numerical scale
• D) Only dependent variables should have ordinal measurement

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Definitions:

Base Year

A specific year against which economic growth is measured, serving as a standard comparison for financial indices and economic data.

Economic Activity

All actions that involve producing, trading, selling, and buying goods and services within an economy.

Final Good

A product that is consumed directly by the end-user or customer and will not be used to produce any further goods or services.

Laundry Services

Services provided by businesses to clean clothing and textiles for individuals or commercial customers.