When Respondents Are Asked to Place Local Shopping Malls So

question 20

Multiple Choice

When respondents are asked to place local shopping malls so that their first choice is 1,their second choice is 2,and so forth,this is best-described as an example of a(n) ____ scale.

• A)ordinal
• B)ratio
• C)interval
• D)nominal

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Definitions:

Net Income

The net income a company earns once all costs and taxes are subtracted from its total revenue.

Contribution Margin

This measure reflects the amount of revenue per unit that exceeds the variable costs of the unit, contributing to covering fixed costs and generating profit.

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, ending with net profit or loss.

Fixed Cost

Regular, unwavering expenses in business operations that do not fluctuate with changes in production level or sales volume.