The Difference Between a Single-Item Scale and a Multiple-Item Scale

question 30

Multiple Choice

The difference between a single-item scale and a multiple-item scale is that a:

• A) single-item scale involves collecting data about only one attribute of the object being investigated.
• B) multiple-item scale is a type of nominal scale.
• C) single-item scale simultaneously collects data on several attributes of a construct.
• D) single-item scale provides more than one possible response to its respondents.
• E) multiple-item scale cannot collect ordinal data.

---

Definitions:

Stockholders' Equity

This represents the ownership interest of shareholders in a corporation, calculated as the company's total assets minus its total liabilities.

Net Income

The total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue.

Accounts Payable Turnover Ratio

A liquidity metric that measures how quickly a company pays off its suppliers by dividing total purchases by average accounts payable.

Inventory Accounting Methods

Different approaches, such as FIFO (First In, First Out), LIFO (Last In, First Out), and weighted average cost, used to value and manage inventory.