Information about preferences is ordinal if:
A) the information tells us something about the intensity of the consumer's preferences.
B) the information allows us to make comparisons between the preferences of different consumers.
C) the information allows us to determine only whether one alternative is better or worse than another.
D) the information allows us to make comparisons between the preference of the same consumer at different points in time.

Question

Quizplus · Accepted Answer

Ordinal information only provides ordering or ranking of preferences, without any information about the intensity of preference or the exact difference between preferred alternatives. Thus, it only allows us to determine whether one alternative is preferred over another, but not by how much. Choices A, B, and D describe types of information that are not necessarily ordinal.

Information About Preferences Is Ordinal If