Which of the Following Variables Use the Ratio Scale of Measurement

question 38

Multiple Choice

Which of the following variables use the ratio scale of measurement?

• A) Driver's license number
• B) Temperature
• C) Gender
• D) Weight

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Definitions:

Opportunity Costs

Sacrificing potential profits from other possibilities when a certain option is selected.

Equity Capital

Funds raised by a company in exchange for a share of ownership in the company, often through the sale of stock.

Depreciation

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

Economic Profit

Economic profit is the surplus that remains when total revenue exceeds the total costs, including both explicit and implicit costs.