A ______ Variable Such as "How Likely Are You to Agree

question 24

Multiple Choice

A ______ variable such as "how likely are you to agree with the following statement (strongly agree, agree, disagree, strongly disagree) is measured at the ______ level of measurement.

• A) categorical; nominal
• B) categorical; ordinal
• C) categorical; interval
• D) continuous; ratio

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Definitions:

Activity Level

A measure of the volume or quantity of production or operations within a specific period.

Direct Proportion

A relationship between two quantities where they increase or decrease at the same rate.

Relevant Range

The range of activity within which the assumptions about variable and fixed cost behaviors hold true.

Total Fixed Costs

Financial obligations that do not fluctuate with the amount of goods made or sold, for instance, rent, salaries, and insurance coverage.