Examlex
Which is an example of an ordinal measurement?
Production Volume
The total quantity of products or goods produced by a company within a specific period.
High-low Method
A technique used in cost accounting to estimate fixed and variable costs associated with production by analyzing the highest and lowest levels of activity.
Maintenance Cost
Expenditures associated with the upkeep of buildings, equipment, and machines to ensure efficient operation and prolong their life.
Mixed Cost
A cost that contains both variable and fixed cost elements, meaning part of it changes with the level of activity while another part remains constant.
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