Data That Provide Labels or Names for Categories of Like

question 56

Multiple Choice

Data that provide labels or names for categories of like items are known as

• A)categorical data
• B)quantitative data
• C)label data
• D)category data

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Definitions:

Marginal Tax Rate

The rate at which the next dollar of taxable income would be taxed, often applied to measure the impact of taxes on additional income.

Exchange Rate

The velocity at which one currency can be swapped for another, affecting global trade and investments.

Tax Impact

The effect that various forms of taxation have on individual or company finances, including income, capital gains, and sales taxes.

Floating Exchange Rate

A currency system where the value of a currency is allowed to fluctuate according to the foreign exchange market.