If Consumers Rate Price at a McDonald's Restaurant on a 7-Point

question 33

Multiple Choice

If consumers rate price at a McDonald's restaurant on a 7-point scale using 1 for Unsatisfactory and 7 for Satisfactory, a mean score of 2.34 would be interpreted as:

• A)a satisfactory price.
• B)a very satisfactory price.
• C)a neutral price.
• D)an unsatisfactory price.
• E)an average price.

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Definitions:

Years

Units of time measuring 365 days (or 366 in a leap year), often used to track age, duration, or periods of investment.

Effective Annual Rate

The interest rate on a loan or financial product restated on an annual basis, accounting for compounding over the term.

Compounded Continuously

The process of calculating interest on an investment or loan where the interest is reinvested and earns additional interest constantly over time.

Interest Rate

The fee a lender imposes on a borrower for utilizing assets, represented as a proportion of the principal sum.