Which of the Following About Interval Scales Is FALSE

question 44

Multiple Choice

Which of the following about interval scales is FALSE?

• A) An interval scale exhibits the property of order.
• B) Absolute magnitudes cannot be compared using an interval scale because the zero point is established arbitrarily.
• C) The number of years the respondent has lived at a particular address is an example of an interval scale.
• D) Only a and b
• E) a, b, and c.

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Definitions:

Selling Price

The price a consumer disburses to obtain a product or service from a merchant.

Absorption Costing

An accounting method that includes all manufacturing costs—both variable and fixed—in the cost of goods sold, for product pricing.

Markup

The difference between the cost of a good or service and its selling price, expressed as a percentage of cost.

Selling Price

The cost at which a good or service is made available for purchase to consumers.