Which of the Following Are Not Recognized as Scales of Measurement

question 11

Multiple Choice

Which of the following are not recognized as scales of measurement by which variables are measured?

• A) nominal scale
• B) ordinal scale
• C) continuous scale
• D) confounding scale

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Definitions:

Managerial Accounting

The process of identifying, measuring, analyzing, interpreting, and communicating financial information to managers for the pursuit of an organization's goals.

Weighted Average Method

A costing method used to determine the average cost of inventory by weighting the cost of goods available for sale by the total units available.

Equivalent Units

A concept used in cost accounting to denote the amount of finished goods units that could have been produced given the total amount of direct materials, labor, and overhead costs incurred.

FIFO Method

An inventory valuation method that assumes the first items purchased are the first ones sold, standing for "first-in, first-out."