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In a Survey for ACME Power Co

question 36

Multiple Choice

In a survey for ACME Power Co., the researcher asked the following questions: "What is your gender? Male-Female" and "How much do you estimate your monthly electric bill to be? $________." How would you classify, in order, these two questions in terms of the type of scale each represents?

Definitions:

Payable on Demand

A financial obligation that must be paid whenever the creditor requests it.

Nonnegotiable

Pertaining to something that cannot be transferred or assigned from one party to another, such as a nonnegotiable instrument or document.

Negotiable Instrument

A written document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the payer named on the document.

Loan

A sum of money that is borrowed and is expected to be paid back with interest.