On a Survey, Individuals Are Asked How Fearful of Crime

question 20

Multiple Choice

On a survey, individuals are asked how fearful of crime they are in their neighborhood. The answer choices are 1 = very fearful; 2 = somewhat fearful; 3 = not very fearful; 4 = not fearful at all. This is an example of which type of variable?

• A) nominal
• B) ordinal
• C) interval
• D) ratio

---

Definitions:

Undervalued Inventory

A situation where the reported value of inventory is less than its actual market value, possibly affecting financial statements negatively.

Straight Line Amortization

A method of evenly spreading the cost of an intangible asset over its useful life.

Trademark

A sign, term, or expression that is legally recognized or traditionally used to denote a corporation or merchandise.

Equity Method

Accounting for investments where the investing entity has significant influence, adjusting the investment value for earnings, losses, and dividends received.