The Major Difference Between Interval Scale Measurement and Ratio Scale

question 6

Multiple Choice

The major difference between interval scale measurement and ratio scale measurement is

• A) rank order.
• B) equal distance between the categories of response.
• C) zero point.
• D) absolute meaning of zero.

---

Definitions:

Present Value

The current worth of a future sum of money or stream of cash flows, given a specified rate of return.

Interest Rates

The cost of borrowing money, typically expressed as a percentage of the total amount loaned, paid to the lender over a specific period of time.

Capacity Alternatives

Options or strategies an organization can employ to adjust its capacity to meet changing demand.

Market Acceptance

The degree to which a new product, service, or idea is embraced and adopted by the target market or customers.