What Is One Similarity Between Ordinal and Nominal Levels of Measurement

question 19

Multiple Choice

What is one similarity between ordinal and nominal levels of measurement?

• A) Both arespecific in order of cases.
• B) Both allow for a study of greater-than and less-than distinctions.
• C) Both are continuous measures.
• D) Both are discrete measures.

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Definitions:

Quick Assets

Liquid assets immediately available to meet current liabilities, including cash, marketable securities, and accounts receivable.

Cash Equivalents

Short-term, highly liquid investments that are readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value due to changes in interest rates.

Product Warranty Expense

Costs associated with the repair or replacement of defective products during the warranty period.

Product Warranty Payable

A liability account that represents the amount a company expects to pay to repair or replace products under warranty.