Categories of Nominal Level Variables Should Be

question 42

Multiple Choice

Categories of nominal level variables should be

• A)mutually exclusive to avoid ambiguity in classifying cases.
• B)exhaustive so that every case fits into a category.
• C)relevant to the research goals.
• D)all of the above

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Definitions:

Long-Term Debt

Borrowings and financial obligations of a business or organization that are due for repayment more than one year in the future.

Discounted Note

A financial instrument, such as a promissory note, that is sold or bought at less than its face value. The discount represents the interest or fees earned by the buyer of the note.

Interest Expense

The cost incurred by an entity for borrowing funds, typically reported on the income statement.

Notes Payable

Written promises to pay specified sums of money at future dates, representing liabilities or debt owed by a company.