Rating Scales Generally Should Be Designed with an Odd Number

question 20

True/False

Rating scales generally should be designed with an odd number of points.

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Definitions:

Budgeted Net Income

An estimate of a company's future net income over a specific period based on projected revenues and expenses.

December

The twelfth and final month of the year in the Gregorian calendar, often associated with end-of-year activities and holidays.

Retained Earnings

The portion of net income left over for the business after it has paid out dividends to its shareholders, often reinvested in the business or used to pay off debt.

Absorption Costing

An accounting method that includes all manufacturing costs—direct materials, direct labor, and both variable and fixed manufacturing overhead—in the cost of a product.