The Difference Between an Interval Scale and a Ratio Scale

question 55

Multiple Choice

The difference between an interval scale and a ratio scale is that

• A) the interval scale has an absolute zero.
• B) the ratio scale has an absolute zero.
• C) the interval scale is more reliable.
• D) both scales are nominal variables.

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Definitions:

Sustainability Reporting

The practice of disclosing a company's environmental, social, and governance (ESG) impacts and sustainability practices to stakeholders.

Performance Metrics

Quantitative measures used to gauge an organization's performance in various areas.

Balanced Scorecard

A strategic planning and management system used by organizations to communicate what they are trying to accomplish, align the day-to-day work with strategy, and monitor performance against strategic goals.

Balanced Scorecard

A system of strategic planning and management designed to align organizational activities with its vision and strategy, enhance communication both internally and externally, and track the performance of the organization in relation to its strategic objectives.