In the Context of Variables and Measurement Scales, the Difference

question 38

Multiple Choice

In the context of variables and measurement scales, the difference between the numbers on the scale is meaningful in a(n) _____ scale.

• A)nominal
• B)ordinal
• C)interval
• D)cardinal

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Definitions:

Low-cost Producer

A business or manufacturer that can produce goods or services at a lower cost than competitors, often due to economies of scale, technology, or efficient processes.

Strategic Planning Team

A group of individuals within an organization responsible for developing strategies to achieve long-term objectives and goals.

Opportunity

A set of circumstances that makes it possible to do something or for something to happen; often linked with potential for success or advancement.

Strength

The ability of an individual or object to withstand force or pressure without breaking or giving way.