Which of the Following Primary Scales of Measurement Is Used

question 15

Multiple Choice

Which of the following primary scales of measurement is used for classification purposes?

• A)ordinal scales
• B)ratio scales
• C)nominal scales
• D)interval scales
• E)random scales

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Definitions:

Return

Return refers to the gain or loss on an investment over a specified period, including income received and capital gains or losses.

Acquisition Method

An accounting technique used to consolidate the financial statements of two companies after an acquisition.