A Rank of First, Second, and Third from a Competition

question 21

Multiple Choice

A rank of first, second, and third from a competition would be an example of which type of variable?

• A) nominal
• B) ordinal
• C) interval
• D) ratio

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Definitions:

Control Process

is the method by which management ensures that organizational activities are aligned with set standards, plans, and goals, typically involving measurement, comparison, and action.

Establish Performance Objectives

The process of setting specific, measurable, achievable, relevant, and time-bound goals for employees or teams.

Market Control

The ability of a company or group to influence or direct the behavior of the market, usually by dominating supply, price, or innovation.

Bureaucratic Control

A system of managing an organization through a formalized set of rules and procedures, ensuring standardization and consistency across operations.