An Actual Number of Purchases in a Certain Time Period,dollars

question 26

Multiple Choice

An actual number of purchases in a certain time period,dollars spent,miles traveled,number of children in the household,or years of college education are examples of:

• A)Ratio scale.
• B)Ordinal scale.
• C)Nominal scale.
• D)Interval scale.

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Definitions:

Income Statement

A financial document that reports a company's revenues, expenses, and profit over a specified time period.

Cash Balance

The amount of cash a company has available at any given time, reflecting its liquidity.

Payroll

The total amount of wages, salaries, and other earnings that a business pays to its employees.

Liquidity Ratios

Financial ratios used to measure a firm’s ability to meet its short-term obligations to creditors as they come due.