If a Scale Has Equal Intervals Between Values and a Single

question 65

Multiple Choice

If a scale has equal intervals between values and a single underlying quantitative dimension, then it is a(n) ____ scale of measurement.

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

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Definitions:

Factor of Production

A factor of production is an economic resource utilized in the creation of goods or services, including labor, land, capital, and entrepreneurship.

Total Income

The sum of all wages, salaries, profits, interest payments, rents, and other forms of earnings received by an individual or business in a given period.

Compensation of Employees

Refers to the total remuneration, in cash or in kind, payable by an employer to an employee in return for work done.

Total Income

Represents the aggregate revenue or earnings received by an individual, group, or entity from all sources before any deductions or taxes.