The Goodman and Kruskal's Gamma Measure of Association Is Appropriate

question 17

Multiple Choice

The Goodman and Kruskal's gamma measure of association is appropriate for ______.

• A) ordinal-level variables
• B) ratio-level variables
• C) interval-level variables
• D) nominal-level variables

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Definitions:

Organizational Risk

Refers to the potential for losses or other adverse outcomes that an organization may face due to various internal and external factors.

Strategic Risk

Involves risks that affect the long-term goals, direction, and overall strategy of an organization.

Contractual Risks

The potential for losses or liabilities arising from the terms and conditions of a contract, including breaches, misinterpretations, and the failure of parties to fulfill their obligations.

People Risks

Risks associated with the individuals involved in a project or business, such as skill shortages, personality conflicts, or turnover.