Which of the Following Is a Nominal Variable

question 35

Multiple Choice

Which of the following is a nominal variable?

• A)education
• B)employment status
• C)age
• D)occupational prestige
• E)not enough information to know

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Definitions:

Economic Losses

Losses incurred when a company or economy's total costs exceed its total revenues, indicating a negative profit situation.

Industry Supply

The total quantity of a good or service that all producers in an industry are willing and able to sell at various prices over a certain period.

Marginal Cost

The elevation in overall cost triggered by assembling an extra unit of a product or service.

Overallocated

The condition of having allocated or committed more resources to a project, task, or item than is available or necessary.