Match Each of the Following with the Appropriate Scale of Measurement

question 34

Essay

Match each of the following with the appropriate scale of measurement:
a.interval scale
c.ratio scale
b.ordinal scale
d.nominal scale
-Numerical differences indicative of the relative position of individuals for the variable on which they are ranked.

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Definitions:

Earned Revenues

Income generated from the normal business operations after the delivery of goods or services to customers.

Prepaid Costs

Expenses paid in advance for goods or services to be received in the future, recorded as assets until they are consumed.

Stockholder Investments

Funds or assets invested by shareholders into a company, contributing to its equity.

Prepaid Expenses

Prepaid expenses are future expenses that have been paid in advance, recognized as assets on a balance sheet until the services or goods are received or the expense is incurred.