Referring to Table 1-1, the Possible Responses to the Question

question 73

Multiple Choice

Referring to Table 1-1, the possible responses to the question "How much time do you use the videocassette recorder every week on the average?" result in

• A) an interval scale variable.
• B) a nominal scale variable.
• C) a ratio scale variable.
• D) an ordinal scale variable.

---

Definitions:

Expense Recognition Principle

An accounting principle that dictates that expenses should be recognized in the period in which they contribute to the generation of revenue.

Income Statement

A financial report that shows a company's revenues, expenses, and profits over a specific period, indicating its financial performance.

Incurred

Refers to costs or expenses that have been recognized or acquired, usually due to a company's operations or activities.

Interest Expense

The cost incurred by an entity for borrowed funds, representing the price paid for the use of borrowed money or for delaying the repayment of a debt.