The General Environment Dimension That Includes Consumer Purchasing Power, the Unemployment

question 97

Multiple Choice

The general environment dimension that includes consumer purchasing power, the unemployment rate, and interest rates is called the __________ dimension.

• A) legal-political
• B) sociocultural
• C) technological
• D) economic
• E) task

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Definitions:

Opposite Direction

A term indicating a movement, action, or trend that goes in the reverse direction of a previously established pattern or expectation.

Correlation

A measure that represents the extent to which two variables change together, but it does not necessarily imply causation.

Validity

The extent to which a test, measure, or research accurately reflects or assesses the specific concept it is intended to.

Reliability

The degree to which an assessment tool or measurement can produce stable and consistent results over time.