Match Each of the Following with the Appropriate Scale of Measurement

question 45

Essay

Match each of the following with the appropriate scale of measurement:
a.interval scale
c.ratio scale
b.ordinal scale
d.nominal scale
-Employee rating of job satisfaction.

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Definitions:

Perpetual LIFO

A method of inventory valuation where the last item of inventory purchased is assumed to be the first sold, continuously updated for each sale and purchase.

Cost of Goods Sold

Direct expenditures connected with fabricating the products a business sells, encompassing labor and material expenses.

Ending Inventory

The value of goods available for sale at the end of an accounting period, determined by a physical count or estimation.

Periodic LIFO

An inventory valuation method that assumes the last items purchased are the first sold, calculated at the end of an accounting period.