The Two Statements Below Refer to Rating Scale Questions

question 33

Multiple Choice

The two statements below refer to rating scale questions.
I.Rating scales should never use more than five response options.
II.The list of response options appearing on a rating scale must always
Be balanced.
Which,if any,of these statements,is (are) true?

• A)I only
• B)II only
• C)I and II are both true
• D)Neither I nor II are true

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Definitions:

Available-For-Sale Securities

Securities that are held with the intent of selling them sometime in the future.

Discontinued Operations

Parts of a company's operations that have been disposed of or sold off, which are reported separately on the financial statements.

Gains

Financial benefits realized from selling assets for more than their purchase costs.

Losses

Reductions in asset value not related to the normal operations of the business.