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:

Forecasted Economic

Projections or estimates about future economic conditions, such as growth rates, inflation, or market trends, based on current data and analysis.

Merchandiser's Budget

A financial plan used by a retail company to manage inventory, purchase goods, and forecast sales for planning profits and cash flow.

Cost of Goods Sold

The direct costs attributable to the production of goods sold by a company, including materials and labor costs.

Production Budget

An estimate of the total cost of production, including raw materials, labor, and overhead, for a specific period.