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:

Indirect Method

A way of calculating cash flows from operating activities in the cash flow statement by starting with net income and adjusting for changes in balance sheet accounts.

Depreciation Expenses

The systematic allocation of the cost of a tangible asset over its useful life.

Accounts Receivable

Money owed to a business by its customers for goods or services that have been delivered but not yet paid for.

Accounts Payable

Liabilities of a firm that are due to be paid to creditors within a short period of time, usually within a year.