Which of the Following Is True of Interval Scales

question 30

Multiple Choice

Which of the following is true of interval scales?

• A)There is a fixed zero point, where zero denotes the absence of the attribute being measured.
• B)Arithmetic operations are limited to statistics such as the median or mode.
• C)The numbers used to rank objects represent equal increments of the attribute being measured.
• D)There is no necessary relationship between scale categories.
• E)None of the above.

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Definitions:

Corporate Goals

The strategic objectives that a company aims to achieve, which guide its business operations and decision-making processes.

Product Obsolescence

Occurs when a product becomes outdated or no longer useful due to technological advancements, changes in consumer preferences, or market conditions.

Social Responsibility

The concept that businesses should not only focus on maximizing profits but also consider their impact on society and the environment.

Pricing Objectives

Specifying the role of price in an organization’s marketing and strategic plans.