Some Hotels Ask Their Guests to Rate the Hotel's Services

question 97

Multiple Choice

Some hotels ask their guests to rate the hotel's services as excellent, very good, good, and poor. This is an example of the

• A)ordinal scale
• B)ratio scale
• C)nominal scale
• D)interval scale

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Definitions:

Depreciation Expense

An accounting method that allocates the cost of a tangible asset over its useful life, representing the wear and tear, deterioration, or obsolescence of the asset.

Interest Expense

The cost incurred by an entity for borrowed funds over a period of time, typically reported on the income statement.

Times Interest Earned

A financial ratio that measures a company's ability to meet its debt obligations based on its current income.