Letter Grades of A,B,and C Would Be Best Described as an Example

question 2

Multiple Choice

Letter grades of A,B,and C would be best described as an example of:

• A) Nominal data
• B) Ordinal data
• C) Ratio data
• D) Interval data

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Definitions:

Planning Budget

A budget prepared for a particular level of activity, often used as a benchmark for evaluating actual performance.

Selling

The process of promoting and transferring goods or services to the customer in exchange for payment.

Administrative Expenses

Costs related to the general management and administration of a business, such as office salaries and utilities.

Food and Supplies

Items necessary for operating a service such as a restaurant, including both consumable goods (food) and non-consumable items (supplies).