Which Level of Measurement Is the Most Mathematically Precise

question 57

Multiple Choice

Which level of measurement is the most mathematically precise?

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

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Definitions:

Direct Labor-Hours

The total time spent by workers directly involved in the manufacturing process.

Unit Product Cost

The total cost (direct materials, direct labor, and overhead) to produce a single unit of a product.

Predetermined Overhead Rate

A rate calculated before the accounting period begins, used to apply manufacturing overhead costs to products based on a specific activity base.

Machine-Hours

An assessment of manufacturing productivity or performance, determined by the duration for which machinery is active in the production cycle.