_____ Variables Are Almost Always Continuous

question 154

Multiple Choice

_____ variables are almost always continuous.

• A) Ordinal
• B) Interval
• C) Nominal
• D) Ratio

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Definitions:

Maturity Value

The amount that is due at the maturity or due date of a note.

Interest Rate

The percentage of a sum of money charged for its use, often expressed as an annual percentage rate.

Allowance Method

An accounting technique that estimates and sets aside a portion of accounts receivable which may not be collectible.

Specific Receivable

A receivable account that is clearly identified and attributed to a specific source, such as an individual customer or entity.