Which of the Following Would Be Considered Ordinal Data (But

question 58

Multiple Choice

Which of the following would be considered ordinal data (but not interval data) ?

• A) ranked product preferences
• B) favourite colour
• C) sales in euros
• D) all of these

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Definitions:

Statutory Tax Rates

The tax rate legally imposed on income or profits by the government, which can vary depending on the type of income, entity, or other factors.

Deferred Income Tax Liability

A tax obligation recorded on the balance sheet that refers to taxes that are due in the future due to temporary differences between the financial accounting and tax reporting.

Pre-Tax Book Income

The income of a company before taxes have been deducted, as recorded in the accounting records according to standard accounting practices.

Tax Depreciation

The depreciation expense allowed by taxation authorities that enables a taxpayer to recover the cost of property or assets.