When a Survey Uses the Responses Strongly Disagree, Disagree, Neutral

question 16

Multiple Choice

When a survey uses the responses strongly disagree, disagree, neutral, agree, strongly agree, what type of data are collected?

• A) ordinal data
• B) nominal data
• C) cross-sectional data
• D) time series data
• E) quantitative data

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Definitions:

Funding Obligation

Refers to the requirement for an entity to provide financial resources for a project, debt, or other commitment as agreed upon.

Underfunded Plans

Retirement or pension plans that lack enough assets to cover all present and future obligations.

Life Insurance

Life insurance is a contract between an insurer and a policyholder in which the insurer guarantees payment of a death benefit to named beneficiaries upon the death of the insured.

Nonmandatory Benefits

These are benefits not required by law that employers offer voluntarily, such as retirement plans, health insurance beyond legal minimums, and paid time off.