You Are Heading a Research Study That Includes a Patient

question 326

Multiple Choice

You are heading a research study that includes a patient questionnaire. Five of the questions will be answered using the following scale: The data collected using this scale is called

• A) cardinal data.
• B) ordinal data
• C) nominal data
• D) continuous data.

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Definitions:

Long-Lived Assets

Assets that provide economic benefits to a business over a prolonged period, typically more than one year, such as buildings, machinery, and equipment.

Fixed Assets

Enduring assets with physical presence utilized in business activities, not foreseen to be liquidated or changed to cash within twelve months.

Depreciable Cost

The difference between a fixed asset’s initial cost and its residual value.

Acquisition Cost

The total cost associated with acquiring an asset, including the purchase price and any additional expenses necessary to get the asset ready for use.