Which of the Following Primary Scales of Measurement Is Recognized

question 5

Multiple Choice

Which of the following primary scales of measurement is recognized as the most basic or limited?

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

Understanding the impact of globalization and technology on management.

Identifying ethical considerations and leadership qualities important in management.

Understand the risks associated with global interconnectedness and the role of companies in managing those risks.

Comprehend the concept of product quality management and approaches to achieve quality.

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Definitions:

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations.

Budget

Company’s plan for how it will raise and spend money during a given period of time.

Asset Turnover Ratio

A financial metric that measures the efficiency of a company at using its assets to generate revenue or sales.

Return On Equity

A financial ratio that measures the amount of net income returned as a percentage of shareholders' equity, indicating the profitability of a company relative to owner's investments.