A "Scale" Would Be Best Defined As

question 24

Multiple Choice

A "scale" would be best defined as:

• A)a number of items that are combined to form a composite score on a variable.
• B)an item that is both valid and reliable.
• C)a measuring device that achieves at least an interval level of measurement.
• D)a measuring device that involves asking people questions and recording their answers.

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Definitions:

Benefits Accrue

The accumulation of advantages or positive results over time from an action or investment.

Purely Competitive

A market structure characterized by many participants offering identical products, where no single buyer or seller can influence the market price.

Economic Profits

The excess of total revenue over total costs, including both explicit and implicit costs, as calculated in economic theory.

Normal Profits

The minimum level of profit necessary for a company to remain competitive in the market, essentially covering opportunity costs but not generating excess profit.