A Person's Weight Is Best Described as Being Measured on A(n)____

question 48

Multiple Choice

A person's weight is best described as being measured on a(n) ____ scale.

• A)ordinal
• B)interval
• C)ratio
• D)nominal

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Definitions:

FASB

Financial Accounting Standards Board, an independent organization responsible for establishing and improving financial accounting and reporting standards in the United States.

Fair Value

This is the estimated price at which an asset or liability could be traded in an orderly transaction between market participants at the measurement date.

Net Income

The total profit of a company after all expenses, including taxes and operating costs, have been subtracted from total revenue.

Derivative

A financial instrument whose value is based on the performance of underlying assets such as stocks, bonds, or commodities.