Temperature Is an Example of Which Scale of Measurement

question 6

Multiple Choice

Temperature is an example of which scale of measurement?

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

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Definitions:

Depreciation

The process of allocating the cost of a tangible asset over its useful life, reflecting the decrease in value over time.

Interest Rate

The amount charged by a lender to a borrower for the use of assets, expressed as a percentage of the principal.

Capital

Financial assets or the financial value of assets, such as cash and goods, used by a business to produce goods or services and create wealth.

Future Benefits

Expected advantages or gains in the future, often considered in decision-making processes or investment analysis.