The Ordinal Scale of Data Measurement Is

question 16

Multiple Choice

The ordinal scale of data measurement is

• A) less sophisticated than the nominal scale.
• B) more sophisticated than the interval scale.
• C) more sophisticated than the nominal scale.
• D) as equally sophisticated as the nominal scale.

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Definitions:

Job-Order Costing

A cost accounting system in which costs are assigned to specific jobs or batches, useful in industries where products or services are customized.

Predetermined Overhead Rate

The estimated cost of manufacturing overhead for a specific reporting period, divided by an allocation base, like direct labor hours.

Capacity

The maximum level of output that a company can sustain to produce in a given period under normal conditions.

Predetermined Overhead Rate

A predetermined rate for distributing overhead expenses to products or services, based on anticipated costs and levels of activity.