With Respect to Levels of Measurement Which of the Following

question 42

Multiple Choice

With respect to levels of measurement which of the following is not correct?

• A) a variable measured at the ratio level can also be measured at the ordinal level
• B) a variable measured at the interval level can also be measured at the nominal level
• C) a variable measured at the ordinal level can also be measured at the interval level
• D) a variable measured at the ordinal level can also be measured at the nominal level

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Definitions:

Fixed Budget

A budget that sets forth expected revenue, expenses, and profit for a company over a specific period, based on the assumption of a fixed level of activity.

Flexible Budget

A financial plan that shifts in response to alterations in activity or volume.

Overhead Costs

Expenses not directly attributable to the production of goods or services, such as rent, utilities, and administration.

Flexible Budgets

A budget that adjusts or flexes with changes in volume or activity, allowing for a more accurate comparison of actual spending with budgeted amounts for different levels of activity.