The Coefficient of Variation Is a Measure of

question 18

Multiple Choice

The coefficient of variation is a measure of

• A) central tendency.
• B) absolute variability.
• C) absolute dispersion.
• D) relative variability.
• E) relative return.

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Definitions:

Wage-Incentive Plans

Compensation strategies designed to motivate employees by linking a portion of their pay directly to their performance, productivity, or efficiency.

Standard Time

The established duration within which a task or operation should be completed, often used in productivity measurement and workforce planning.

Worker Performance Ratings

Evaluations that measure the effectiveness and efficiency of an employee's work output and quality.

Worker Fatigue

Physical or mental exhaustion experienced by workers, which can reduce efficiency, productivity, and safety in the workplace.