Which of the Following Statements Is NOT True About Scales

question 21

Multiple Choice

Which of the following statements is NOT true about scales of measurement?

• A) Measurement scales depend on the purpose for which you collected data.
• B) Moving from ordinal to ratio scales represents an increase in the meaning assigned to numbers
• C) Certain statistical procedures can only be performed with ratio data.
• D) Measurement scales were, at least historically, tied to psychology's quest to be treated as a true science.

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Definitions:

Invested Assets

Definition: Assets that are used or held for investment purposes, which may include securities, real estate, and other investment vehicles.

Transfer Price

The price at which divisions of a company transact with each other, such as the trade of supplies or labor between departments.

Operating Income

The profit earned from a firm's normal core business operations, excluding deductions of interest and tax.

Unused Capacity

The portion of a company's resources or assets that remains unutilized or underutilized, not contributing to production or output.