A(n) ______________ Quantity Has Only Magnitude

question 94

Short Answer

A(n) ______________ quantity has only magnitude.

Recognize the levels of measurement appropriate for the use of grouped frequency distribution tables.

Understand the consequences of having many intervals with a frequency of zero in grouped frequency distribution tables.

Understand the principles and purposes of job analysis and its significance in organizational effectiveness.

Distinguish between job analysis, job description, and job specification, and their applications.

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Definitions:

Total Utility

The complete fulfillment obtained from the consumption of a specific overall amount of a product or service.

Satisfaction

The feeling of fulfillment or contentment one derives from meeting a need or desire.

Marginal Utility

The added utility or pleasure derived by a consumer from consuming another unit of a good or service.

Additional Satisfaction

The joy or utility gained from consuming one more unit of a good or service.