________ Data,also Known as Categorical Data,contains Both Nominal and Ordinal

question 37

Short Answer

________ data,also known as categorical data,contains both nominal and ordinal data.

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Definitions:

Reallocation

The process of distributing or assigning resources, responsibilities, or assets to different tasks, projects, or accounts, often to improve efficiency or meet new objectives.

Liquidated-Damage Clause

A contract provision that specifies a predetermined amount of money that must be paid as damages for failure to perform under the contract.

Punitive Nature

Refers to measures or penalties intended to punish individuals or entities for wrongdoing, often in addition to compensatory damages.

Voidable

A term applied to a contract that one or both parties have the ability to either withdraw from or enforce.