The Assignment of Numbers or Other Symbols to Characteristics of Objects

question 23

Multiple Choice

The assignment of numbers or other symbols to characteristics of objects according to certain prespecified rules is called ________.

• A) randomization
• B) measurement
• C) sampling
• D) exploring
• E) characterization

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Definitions:

FOB Shipping Point

A term in shipping contracts indicating that the buyer is responsible for the goods, including the risk of loss and transportation costs, once the goods leave the seller's premises.

FOB Destination

A shipping term indicating that the seller retains ownership and responsibility for goods until they are delivered to the buyer's location.

Sales

The total amount of goods or services sold by a company during a specific period.

Cash Equivalents

Short-term, highly liquid investments that are readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value.