Which of the Following Statement Is True of the Four

question 2

Multiple Choice

Which of the following statement is true of the four scales of measurement?

• A)Ratio scales have no numerical or quantitative properties.
• B)Nominal scales allow researchers to rank order the levels of a variable being studied.
• C)In an interval scale, the intervals between the numbers are equal in size.
• D)In an ordinal scale, the categories cannot be ordered from first to last.

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Definitions:

Departmental Sales

Revenue generated from the sales activities of specific departments within a retail or corporate setting, tracked to evaluate the performance of each department.

Retail Store

A business establishment that sells goods or services directly to consumers, primarily for personal or household consumption.

Depreciation

The systematic allocation of the cost of a tangible asset over its estimated useful life, recognizing the decrease in value over time.

Allocation Bases

Criteria or metrics used to distribute overhead costs to different departments or products in a company, ensuring accurate cost accounting.