Nominal Variables Are Rank-Ordered Named Categories

question 18

True/False

Nominal variables are rank-ordered named categories.

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Definitions:

Network Structure

An organizational design where entities are connected less hierarchically and more through a flexible arrangement of nodes, facilitating information flow and collaboration.

Global Competition

The scenario where businesses compete across national borders in various markets, driven by increasingly interconnected world economies.

Organizational Design

The process of shaping an organization's structure and roles to align with its objectives, strategy, and environment.

Functional Structure

An organizational design that groups employees based on their specialized roles or functions, enhancing efficiency and expertise.