Which of the Following Statements About Measurement Is Not Correct

question 40

Multiple Choice

Which of the following statements about measurement is not correct?

• A) it assigns numbers to objects.
• B) it is based on rules determined in advance.
• C) it measures the object not the attribute.
• D) it measures constructs.

---

Definitions:

Volume Based

A pricing or cost method where charges are dependent on the quantity of units produced or handled.

Forward Buying

The practice of purchasing stock in larger quantities than normal in anticipation of price increases or demand spikes.

Excess Inventory

The surplus of stock that exceeds the demand, leading to increased holding costs and potential obsolescence.

Total Cost

The complete sum of all costs associated with the production or provision of goods or services, including fixed and variable costs.