Which Are the Two Primary Criteria for Choosing a Contrast

question 11

Multiple Choice

Which are the two primary criteria for choosing a contrast size in a research study?

• A) empirical and ordinal
• B) nominal and numeric range
• C) theoretical and empirical
• D) interval and ratio

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Definitions:

Opportunity Cost

The value of the best alternative that is foregone when a particular course of action is chosen.

Incremental Cash Flow

is the additional cash flow generated by a company from a new project or investment, used to analyze the profitability of taking on the new project.

Sunk Cost

A cost that has already been incurred and cannot be recovered, which should not influence future business decisions.

Fixed Cost Financing

A financing strategy where the costs remain constant regardless of the level of production or sales.