Which of the Following Statements Is True About Ratio Scales

question 23

Multiple Choice

Which of the following statements is True about ratio scales?

• A) They cannot measure quantitative data.
• B) They cannot be used to determine the absolute difference between rankings.
• C) They are the most basic and least powerful scale design.
• D) They are less powerful than nominal scales.
• E) They enable researchers to make absolute comparisons between responses.

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Definitions:

Market Price

The present cost for buying or selling an asset or service in the market.

Common Stock

A type of equity security representing ownership in a corporation, with rights to dividends and voting in shareholder meetings.

Legal Expense

Costs incurred by a company for legal services, including attorney fees, court costs, and other related expenses.

Paid-In Capital

The total amount of money or other value that shareholders have contributed to a company in exchange for shares of stock, indicating the funds raised from equity rather than from ongoing operations.