Which of the Following Correctly Matches the Level of Measurement

question 5

Multiple Choice

Which of the following correctly matches the level of measurement of a variable with the preferred measure of central tendency?

• A) nominal … mean
• B) ordinal … mode
• C) interval-ratio … mode
• D) ordinal … median

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Definitions:

Service Costing

The process of determining the total cost involved in providing a service, including direct and indirect costs, to establish pricing and profitability.

Implementing

The process of putting a decision, plan, strategy, or law into effect.

Realisation Rate

The percentage of billed work hours or fees that is actually collected as revenue, often used in professional services to measure efficiency.

Chargeout Rate

The price per unit of time charged for services rendered, often used in professional settings or service-oriented businesses.