When a Scale Has "Labels" as Opposed to "Levels," We

question 18

Multiple Choice

When a scale has "labels" as opposed to "levels," we can normally assume the level of measurement is:

• A)nominal or categorical.
• B)ratio.
• C)interval or ordinal.
• D)interval or ratio.
• E)metric.

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Definitions:

Initial Investment

The amount of money used to start a project, purchase assets, or establish a business foundation.

Simple Rate Of Return

A method of calculating the return on an investment without taking into account compound interest or the passage of time.

Cash Operating Costs

Direct expenses incurred during regular operations, such as manufacturing costs, labor, and raw materials, excluding non-cash costs like depreciation.

Automating

involves the use of systems and technology to perform tasks with minimal human intervention.