The Correct Order of the Following Scales of Measurement, from Least

question 6

Multiple Choice

The correct order of the following scales of measurement, from least precise to most precise, is: ​

• A)ordinal, nominal interval, ratio.
• B)nominal, interval, ordinal, ratio.
• C)ordinal, nominal, ratio, interval.
• D)nominal, ordinal, interval, ratio.

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Definitions:

Competing Corporations

Companies operating in the same industry, market, or field that vie for the same customer base and resources.

Robinson-Patman Act

Legislation aimed at eliminating discrimination in pricing and promotional allowances among purchasers of the same product.

Cost Justification

The process of demonstrating that a proposed expenditure or investment is worthwhile based on the anticipated benefits exceeding the costs.

Quantity Discounts

Discounts offered to buyers for purchasing large volumes of goods, encouraging bulk purchasing.