Measurement Is the Assignment of Numbers to Characteristics of People

question 5

Multiple Choice

Measurement is the assignment of numbers to characteristics of people or objects according to specified _________ . (Fill in the blank.)

• A) Rules
• B) Definitions
• C) Concepts
• D) Parameters

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Definitions:

Business Managers

Individuals who plan, direct, and oversee the operations and fiscal health of a business unit, division, department, or an entire company.

Financial Ratios

Financial ratios are quantitative measures derived from financial statement analysis to evaluate a company's financial health, performance, and viability.

Financial Statements

Formal records of the financial activities and position of a business, person, or other entity, typically comprising the balance sheet, income statement, and cash flow statement.

Financial Decisions

Choices regarding the management of finances of an entity, including investment, budgeting, borrowing, and saving activities.