Since AssetID Is a Number Identifying Assets in a Fixed

question 25

Multiple Choice

Since AssetID is a number identifying assets in a fixed asset ledger, it would be considered to be __________.

• A) numerical data
• B) categorical data
• C) ratio data
• D) ordinal data

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Definitions:

Fire Extinguishers

Safety devices used to extinguish or control small fires, often in emergency situations.

External Benefit

A positive effect on a third party or the society at large, generated by the production or consumption of a good or service.

Externalities

Costs or benefits of a market activity borne by a third party; can be negative (costs) or positive (benefits).

Private Solutions

Solutions derived from individual or corporate initiatives without direct government intervention or subsidies.