Shoe Style Is an Example of What Level of Measurement

question 31

Multiple Choice

Shoe style is an example of what level of measurement?

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

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Definitions:

Cost of Goods Sold

The direct costs associated with producing goods sold by a business, including materials and labor.

Statement of Cash Flows

A financial statement that summarizes the amount of cash and cash equivalents entering and leaving a company.

Indirect Method

A cash flow statement approach that adjusts net income for changes in balance sheet accounts to convert it from an accrual basis to a cash basis.

Net Income

The amount of profit that remains after all operating expenses, taxes, and costs have been subtracted from total revenue.