Combining the Data from Adjacent Categories of a Likert-Scale Item

question 14

True/False

Combining the data from adjacent categories of a Likert-scale item is a common form of data transformation.

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Definitions:

Long-term Debt

Financial obligations of a company payable over a period exceeding twelve months, often used for major investments or acquisitions.

Short-term Debt

Financial obligations that are due for repayment within one year, often used to finance immediate operational needs.

Provincial Tax Rates

The percentage of tax levied by provincial or state governments on income, property, and purchases within their jurisdiction.

Income

Money received, especially on a regular basis, for work or through investments.