A Teacher Separates the Students in His Class into High

question 4

Multiple Choice

A teacher separates the students in his class into high, medium, and low reading skill groups. What scale of measurement is being used to create the groups?

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

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Definitions:

Interest Expense

The cost incurred by an entity for borrowed funds, reflecting the interest payments due on any type of debt for a specific period.

Issuing Company

A corporation or entity that releases or sells financial instruments like stocks or bonds to raise capital.

Trustee

An independent party appointed to represent the bondholders.

Selling Price

The price at which a product or service is offered for sale to consumers.