Consider the Responses to a Question Measuring Commercial Believability (Shown

question 4

Multiple Choice

Consider the responses to a question measuring commercial believability (shown below) . $$\begin{array} { l c c } \hline \text { Response Options } & \text { Value } & \text { Number of Respondents } \\\hline \text { Extremely believable } & 1 & 1 \\\text { Somewhat believable } & 2 & 2 \\\text { Somewhat unbelievable } & 3 & 5 \\\text { Extremely unbelievable } & 4 & 2\\\hline\end{array}$$ What is the average believability rating?

• A)1.5
• B)2.5
• C)2.8
• D)28.0

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Definitions:

Physical Capital

Tangible assets of a business that are used in the production process, such as machinery, buildings, and equipment.

Social Inventions

Innovations in the social realm that change or influence the way societies operate, interact, or govern themselves.

Physical Assets

Tangible resources or possessions that have value and are owned by an individual or organization, such as buildings, machinery, or land.

Implements of Technology

The tools and devices developed from scientific knowledge used for practical purposes, especially in industry.