Which Type of Variable Is Coded Using a 0 for One

question 13

Multiple Choice

Which type of variable is coded using a 0 for one response and a 1 for the other?

• A) Nonmetric
• B) Ordinal
• C) Interval
• D) Dummy
• E) Ratio

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Definitions:

Special Order

A special order refers to a one-time or unusual request from a customer to purchase goods or services that differ from a company's regular offerings, often requiring unique pricing and production scheduling.

Sales Price

The amount for which a product or service is sold to the customer.

Current Profits

The company's earnings from its operational activities in the most recent accounting period, not including long-term investments or expenses.

Production

The process of creating, manufacturing, or enhancing goods and services.