Which of the Following Is a Disadvantage of Ordinal Data

question 34

Multiple Choice

Which of the following is a disadvantage of ordinal data?

• A) They bear no relationship to one another.
• B) They have no fixed units of measurement.
• C) They have no natural zero.
• D) They are not comparable with each other.

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Definitions:

Total Assets

The sum of everything of value owned by a business, including cash, securities, inventory, property, and other tangible and intangible assets.

Periodic Inventory System

An accounting method where inventory levels and cost of goods sold are determined at set periods, rather than continuously tracked.

Journal Entry

A record in accounting that represents a transaction with debit and credit amounts recorded in the ledger to maintain financial records.

Retail Business

A type of business that sells products directly to consumers, typically through various distribution channels.