What Is the Problem(s) with This Set of Response Categories

question 45

Multiple Choice

What is the problem(s) with this set of response categories to the question "What is your current age?" 1-5
5-10
10-20
20-30
30-40

• A) The categories are not mutually exclusive
• B) The categories are not exhaustive
• C) The categories are neither mutually exclusive nor exhaustive
• D) There is no problem with the above set of response categories

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Definitions:

Days' Sales

A financial ratio that measures how effectively a company uses its inventory, often expressed as the average number of days that a company takes to sell its inventory.

Receivables

Money owed to a business by its clients or customers for goods or services provided on credit.

Inventory

The goods and materials a business holds for the purpose of resale, part of the company's current assets.

Days

A measurement of time typically used to indicate the elapsed or required time for a particular event or condition.