Likert Scales

question 24

Multiple Choice

Likert scales

• A)are also called the method of equal-appearing intervals because the objective is to obtain a unidimensional scale with interval
• Properties.
• B)are also called summated scales because the scores on individual items or statements are summed to produce a total score for each
• Respondent.
• C)are generally hard to construct and administer.
• D)require a neutral midpoint at the center of each scale.
• E)none of the above.

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Definitions:

Maturity Value

The amount that will be payable to the holder of a financial instrument at its maturity date, including principal and interest.

Calculating Interest

Calculating interest involves determining the amount of interest earned or paid on a financial asset or liability over a specific period, typically using the principal amount, rate, and time.

Journalize Entries

The process of recording financial transactions in a company's journal, a step in the accounting cycle that leads to the preparation of financial statements.

Voucher System

A set of procedures for authorizing and recording liabilities and cash payments.