A Scale That Ranks Preferences on a Continuum from Lowest

question 36

Multiple Choice

A scale that ranks preferences on a continuum from lowest to highest is a(n) ________ scale.

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

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Definitions:

Merchandising

The activities involved in promoting and selling products, often used in retail to refer to the purchase of goods for resale.

Manufacturing Income Statement

A financial statement showing the income, expenses, and profits of a manufacturing company, highlighting the cost of goods manufactured.

Cost Of Goods Sold

The direct costs related to the production of the goods sold by a company, including materials and labor.

Direct Materials

Costs of raw materials that are directly used in the production of a product, easily traceable to the product being manufactured.