Examlex

Solved

Three Celebrity Judges Rank the Finalists of a Reality Show

question 19

Multiple Choice

Three celebrity judges rank the finalists of a reality show based on their musical talents. The judges rank the contestants in the order of the most talented to the least talented. Which type of measurement scale does this scenario exemplify?


Definitions:

Market Rate

The prevailing interest rate available in the market for loans or the return on investment securities.

Adjusting Entry

An accounting journal entry made at the end of an accounting period to update the accounts and ensure they comply with the accrual basis of accounting.

Borrowing Rate

The interest rate that a financial institution charges a borrower for the use of money.

Principal

The original sum of money borrowed in a loan, or the amount of the loan that has yet to be repaid, excluding interest.

Related Questions