Ranking Is a Summarization Method for Which Type of Data

question 17

Multiple Choice

Ranking is a summarization method for which type of data?

• A) Nominal
• B) Ordinal
• C) Ratio
• D) Both Categorical and Numerical

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Definitions:

Acquisition Differential

The difference between the purchase price of a company and the fair market value of its identifiable net assets.

Exchange Rates

The rate for transforming one currency into another.

Income Statement

A financial report that shows a company's revenues, expenses, and net income over a specific period of time.

Functional Currency

The primary currency of the primary economic environment in which an entity operates, usually used in its financial reporting.