One of the Advantages of a Likert Scale Is That

question 46

Multiple Choice

One of the advantages of a Likert scale is that:

• A)it is one of the quickest scales to administer.
• B)the data are considered to be ordinal level, permitting the use of more powerful statistical procedures.
• C)the data are considered to be interval level, permitting the use of the most powerful statistical procedures.
• D)the single score based on the Likert scale is not a summary of responses to numerous items.

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Definitions:

Weekly Operating Profits

The profit a company makes from its operations in a week, excluding non-operational revenues and expenses.

Market Price

The current price at which a good or service can be bought or sold in a particular market.

Long Run

A period in economic analysis where all factors of production and costs are variable, allowing full adjustment to changes.

Weekly Operating Profits

Weekly operating profits describe the earnings a business generates from its normal operations over a one-week period, excluding any income from investments or other non-operational sources.