The Scale in Which Responses Are Given from a Range

question 62

Multiple Choice

The scale in which responses are given from a range of 1 to 5 of strongly agree to strongly disagree or vice versa is an example of a:

• A)semantic differential scale.
• B)Likert scale.
• C)Thurstone scale.
• D)Guttman scale.
• E)typology.

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Definitions:

Expenses

The costs of operating the business that are incurred to generate revenues during the period.

Liabilities

Financial obligations or debts owed by a business to another entity, typically resulting from past transactions or events.

Adjusting Entries

Journal entries made at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.

Interest-Bearing Note

A debt instrument that pays interest to the holder until its maturity.