Match Each of the Following with the Appropriate Scale of Measurement

question 17

Essay

Match each of the following with the appropriate scale of measurement:
a.interval scale
c.ratio scale
b.ordinal scale
d.nominal scale
-If one worker produces 100 wire baskets in an hour while another produces 50, we can state that the second worker produces half as much.

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Definitions:

Monthly Unit Sales

The number of units of a product sold in a particular month.

Break-even Point

The financial state in which total revenues equal total expenses, and there is no profit or loss.

Variable Cost

Costs that vary directly with the level of production or the volume of services provided.

Fixed Expense

Costs that remain unchanged over a specified period despite variations in business activity levels, such as lease payments or salaries for permanent staff.