When a Variable Is Measured,a Numerical Value Code Is Assigned

question 143

True/False

When a variable is measured,a numerical value code is assigned to it,and the result will be in one of four levels of measurement - nominal,ordinal,interval,or ratio.

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Definitions:

Amoral Manager

A type of manager who lacks a clear understanding or concern for the ethical implications of their decisions and actions in the business environment.

Ethical Implications

The moral consequences or considerations associated with a particular action, decision, or policy, evaluating its rightness or wrongness.

Utilitarian Benefits

Utilitarian benefits refer to the functional or practical advantages that consumers receive from using a product or service, emphasizing usability and efficiency.

General Ethical Principle

Foundational guidelines that govern behaviors and decisions based on notions of right and wrong.