An Itemized Rating Scale Is a Measurement Scale Having Numbers

question 95

True/False

An itemized rating scale is a measurement scale having numbers and/or brief descriptions associated with each category with the categories ordered in terms of scale position.

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Definitions:

Convex Preferences

A consumer preference pattern indicating a desire for mixed bundles of goods over extreme bundles, illustrating a preference for diversification.

Commodity Bundle

A specific collection of goods or services that is considered as a single unit for analytical purposes in microeconomics.

Convex Preferences

A characteristic of consumers' preferences indicating that they prefer mixes or combinations of goods over extreme amounts of either one, depicted by a convex shape in utility analysis.

Indifferent

Having no particular interest or sympathy; being unconcerned or neutral towards a specific outcome or item.