Which Statement Is Not Correct About Measurement

question 52

Multiple Choice

Which statement is not correct about measurement?

• A) The placement of individual companies on the annual revenue continuum represents measurement.
• B) The assignment of numbers to characteristics must be isomorphic.
• C) The rules for assigning numbers should be standardized and applied uniformly.
• D) All of the above statements are not true.

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Definitions:

Cost of Goods Sold

The direct costs attributable to the production of goods sold by a company, including materials, labor, and manufacturing overhead.

Balance Sheet

The balance sheet is a financial statement that shows a company’s assets, liabilities, and shareholder equity at a specific point in time.

Spreadsheet

A software application that allows users to organize, analyze, and store data in tabular form.

Job-Order Costing

An accounting method used to assign costs to specific jobs or orders, tracking expenses in relation to each job's production costs.