The Difference Between Likert Scales and Category Formats Is That

question 72

Multiple Choice

The difference between Likert scales and category formats is that

• A)category formats are used only in health settings.
• B)category formats tends to be dichotomous while Likert scales tends to be polytomous.
• C)category formats tend to have a smaller number of choices.
• D)Likert scales tend to have a smaller number of choices.

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Definitions:

Production Budget

An estimation of the costs associated with the production process, including raw materials, labor, and overhead expenses, for a specific period.

Production Budget

A financial plan that estimates the number of units to be produced to meet sales goals and inventory requirements.

Sales Budget

A financial plan that estimates the revenue from sales for a future period, taking into account factors like historical sales data, market trends, and seasonality.

Master Budget

A comprehensive financial plan made up of several smaller and specific budgets, combining them into one overarching budget.