Which Measurement Scale Indicates an Order of Preference but Not

question 9

Multiple Choice

Which measurement scale indicates an order of preference but not the degree of preference among ranks?

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

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Definitions:

Exchange Rates

The exchange rate determining the value of one currency in relation to another.

Goodwill Impairment

The decrease in value of a company's goodwill, indicating that the value of acquired assets has fallen below their book value.

Fair Value

The amount to be banked from asset liquidation or spent on liability transition in an orderly market dealing at the time for calculating value.

Functional Currency

It's the currency of the primary economic environment in which an entity operates and generates cash flows.