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Nominal scales can be used either qualitatively or quantitatively.
Insurance Benefits
Payments or services provided by insurance companies to policyholders when certain events or circumstances occur, outlined in an insurance policy.
Payroll Bank Account
A specific bank account used by businesses exclusively for processing payroll and associated employee payments.
Employees' Net Pay
The amount of income that an employee takes home after deductions like taxes, insurance premiums, and contributions to retirement accounts have been subtracted from their gross pay.
Estimated Warranty Liability
A financial provision for the expected future costs of repairing or replacing products under warranty.
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