Which Scale of Data Measurement Is Appropriate for the Names

question 97

Multiple Choice

Which scale of data measurement is appropriate for the names of companies listed on the Dow Jones Industrial Average?

• A) Ratio scale
• B) Ordinal scale
• C) Interval scale
• D) Nominal scale

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Definitions:

Align Interests

The process of adjusting and coordinating the preferences, incentives, or goals of different parties to achieve mutual understanding or benefit.

Labor Market

The supply and demand for labor, where employers seek to hire labor and workers seek employment.

Compensation Contracts

Agreements that outline the salary, bonuses, and other forms of payment an employee receives from an employer.

Price Ceiling

A regulation that sets the maximum allowable price for a particular good or service, intended to prevent sellers from charging high prices during demand spikes.