What Level of Measurement Classifies Data into Mutually Exclusive (Nonoverlapping)

question 23

Multiple Choice

What level of measurement classifies data into mutually exclusive (nonoverlapping) , exhausting categories in which no order or ranking can be imposed on the data?

• A)nominal
• B)ordinal
• C)interval

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Definitions:

Trade Discounts

Discounts on the list retail price offered to channel members.

Cash Discounts

are reductions in price offered to buyers as an incentive for early payment of their bills, used to improve cash flow.

No-Doubt Security Products

Security products or solutions that offer undeniable protection and reliability, leaving no room for uncertainty or risk.

2/10 Net 30

A common payment term indicating that a buyer can take a 2% discount on the invoice price if payment is made within 10 days; otherwise, the net (full) amount is due within 30 days.