A Scale Consists of 5 Points and There Are Labels

question 5

Multiple Choice

A scale consists of 5 points and there are labels only on each end of the 5-point continuum. This is an example of a(n) :

• A) minimal labeled 5-point scale
• B) 5-point unanchored scale
• C) summated scale
• D) graphic rating scale
• E) anchored scale

---

Definitions:

Labour

Labour refers to the human effort, whether physical or mental, expended in the production of goods and services, often considered in terms of the workforce of a business or economy.

Discounted Payback Rule

A capital budgeting technique that calculates the time required to recoup the cost of an investment, taking into account the time value of money.

Net Present Value

A technique used in finance to determine the value of a series of future cash flows discounted back to their value in today's dollars.

Time Value

The principle that money in hand today is valued higher than the equivalent amount at a future date, owing to its ability to earn more over time.