Differentiate between a variable and an attribute
A variable monitors measurements such as weight, length or diameter. An attribute is either present or it is not, and this type of control chart applies when we are counting something associated with the process output.
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Consider a scale from 1 to 100 for locating consumers according to the characteristic "attitude toward department stores."
Each respondent is assigned a number from 1 to 100 indicating the degree of (un)favorableness, with 1 = extremely unfavorable, and 100 = extremely favorable. ________ is the actual assignment of a number from 1 to 100 to each respondent. ________ is the process of placing the respondents on a continuum with respect to their attitude toward department stores. A) Measurement; Scaling B) Scaling; Ranking C) Scaling; Measurement D) Ranking; Measurement
Answer the following statements true (T) or false (F)
The U.S. dollar orientation approach to the translation of foreign operations assumes that foreign currency denominated assets, liabilities, revenues, and expenses are measured in the foreign currency but are translated to U.S. dollars for reporting purposes.
Efficient consumer response (ECR) incorporates quick response (QR) inventory planning, electronic data interchange (EDI), and logistics planning
Indicate whether the statement is true or false
______ identifies the key resources such as labor, machines, tools, space, and materials needed to produce one unit of a product.
A. A bill of resources B. A production order C. A planned order D. A transfer order