The Pew Internet & Life Project Study About Online Shopping

question 12

Multiple Choice

The Pew Internet & Life Project study about online shopping asked respondents to indicate
Their education level on the following scale: Less than High School, High School, Some
College, College +.Which of the following statements is (are) true?

• A)Education level is a categorical variable.
• B)Education level is nominal scaled.
• C)Education level is ordinal scaled.
• D)Both A and B
• E)Both A and C

---

Definitions:

Service Life

The expected period during which an asset is considered useful and productive in a business operation, also known as useful life.

Units-Of-Production

A depreciation method that allocates the cost of an asset based on its usage, production, or units of output over its useful life.

Double-Declining-Balance

A method of accelerated depreciation that applies a constant rate of depreciation to a declining book value, resulting in higher depreciation expense in the early years of the asset's life.

Straight-Line

A method of depreciation that allocates the cost of an asset evenly over its useful life, reflecting a constant rate of expense over each period.