At the End of a Semester College Students Evaluate Their

question 38

Multiple Choice

At the end of a semester college students evaluate their instructors by assigning them to one of the following categories: Excellent, Good, Average, Below Average, and Poor. The measurement scale is a(n)

• A) ratio scale.
• B) ordinal scale.
• C) interval scale.
• D) nominal scale.

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Definitions:

Cash Account

An account that reflects the amount of cash a company has on hand or in bank accounts, fundamental to the management of cash flows and liquidity.

Debit Balance

A situation where the debit side of an account exceeds the credit side, commonly observed in asset accounts and expense accounts.

Credited

A term used in accounting to signify an entry that increases liabilities or income, or decreases assets or expenses on the financial statements.

Investing

Investing is the act of allocating resources, usually money, with the expectation of generating an income or profit.