The Set of Data That Would Be Measured on a Nominal

question 22

Multiple Choice

The set of data that would be measured on a nominal scale is:

• A)The height of a group of school children
• B)Assets classified into current/non-current and tangible/intangible
• C)Investment opportunities classified into 'poor','average' or 'good' with respect to anticipated returns.
• D)The share prices of a group of companies

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Definitions:

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that is global in scope.

Non-Controlling Interest

The portion of a subsidiary corporation's equity that is not owned by the parent corporation.

Consolidated Balance Sheet

A financial statement that summarizes the financial position of a parent company and its subsidiaries.

Fair Value

The proceeds from the sale of an asset or the outlay to move a liability in a non-chaotic market operation on the date of gauging.