For a Scale to Have Ordinal Properties, Which of the Following

question 53

Multiple Choice

For a scale to have ordinal properties, which of the following must be established?

• A) If "a" is greater than "b," then "b" is not greater than "a."
• B) If "a" is greater than "b" and "b" is greater than "c," then "a" is greater than "c."
• C) If "a" is equal to "b" and "b" is equal to "c," then "a" is equal to "c."
• D) All of the above.
• E) None of the above.

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Definitions:

Selling and Administrative Expenses

Expenses related to the daily operations of a business that are not directly tied to production, including sales promotions, salaries of administrative staff, and office rent.

Days' Sales

A measure often used in the context of 'Days' Sales in Inventory' which indicates the average number of days it takes for a company to sell its inventory.

Raw Materials Inventory

Consists of the basic materials and components required to manufacture goods.

Production

The process of creating, manufacturing, or enhancing products or services for sale.