Time, Length and Weight Are Variables That Typically Are Measured

question 10

Multiple Choice

Time, length and weight are variables that typically are measured by scales.

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

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Definitions:

Profit Goal

A specific financial objective setting a desired net income or margin that a company or division aims to achieve.

Sales Target

A specified amount of sales that a company or salesperson aims to achieve within a set timeframe, serving as a benchmark for performance and objectives.

Output-Related Measures

These are metrics used to evaluate the results or outputs stemming from business activities, processes, or strategies.

Dollar Sales Volume

The total monetary value of sales within a specific period, often used to measure business performance.