Exhibit 1-3 Part of the Data Bank of a Corporation Is Shown

question 46

Multiple Choice

Exhibit 1-3
Part of the data bank of a corporation is shown below.
-Refer to Exhibit 1-3. Employee Rank is an example of ________ data.

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

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Definitions:

Prime Rib Dinner

A meal featuring a prime rib, which is a cut of beef from the primal rib, traditionally roasted and served as a significant dish in Western cuisine.

Two-Part Tariff

A pricing model featuring a base charge along with a fee that varies depending on usage.

Heterogeneous Demands

Describes consumer preferences that vary widely, requiring markets to offer a diverse range of products to meet different needs.

Price Discriminate

The practice of charging different prices to different consumers for the same good or service, based on differing willingness to pay.