Determine Which of the Following Describes Nominal Data

question 7

Multiple Choice

Determine which of the following describes nominal data.
i. Michaelangelo's sells small, medium, large, and jumbo pizzas.
ii. Michaelangelo's most-requested toppings are pepperoni, black olives, and mushrooms.

• A)ii only
• B)neither i nor ii
• C)i only
• D)both i and ii

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Definitions:

Fiscal Year

A one-year period that companies and governments use for financial reporting and budgeting, which may not coincide with the calendar year.

Quick Ratio

A liquidity measure that evaluates a company's ability to cover its current liabilities with its most liquid assets, excluding inventory.

Current Liabilities

Short-term financial obligations that are due within one year or within the normal operating cycle of the business.

Payroll Processor

An individual or service company responsible for managing the calculation, distribution, and reporting of employees' wages and salaries.