When a Scale Has "Labels" as Opposed to "Levels" We

question 32

Multiple Choice

When a scale has "labels" as opposed to "levels" we can normally assume the level of measurement is:

• A)metric
• B)in small increments
• C)categorical
• D)to scale
• E)average

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Definitions:

Interest to be Collected

The amount of interest income that has been earned but not yet received in cash.

Cash Loan

A short-term loan provided to a borrower in cash, meant to be repaid with interest over a predetermined period.

Interest Collected

The amount of interest payments received by a lender from a borrower over a specified period of time.

Percent of Receivables Method

A method used in accounting to estimate bad debts expense based on a percentage of accounts receivable judged to be uncollectible.