If You Had Been Asked to Rate a New Movie

question 44

Multiple Choice

If you had been asked to rate a new movie on a "thumbs up" scale with 3 thumbs up as academy-award material,2 thumbs up as television-quality,and 1 thumb up as straight-to-DVD,you would be employing a(n) _______ scale of measurement.

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

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Definitions:

Scrutiny

The act of closely examining or inspecting something to ensure accuracy, authenticity, or conformance to standards.

Competition

The rivalry among businesses or individuals for customers, market share, or achievements.

Per Se Approach

A legal standard that deems certain actions to be inherently illegal without needing to prove harm or anticompetitive effects.

Fixed Price

An agreed upon price for goods or services that is not subject to change under normal circumstances.