Which Measures of Association Indicate the Strength of a Relationship

question 19

Multiple Choice

Which measures of association indicate the strength of a relationship?

• A) nominal, ordinal, and interval/ratio measures of association
• B) only ordinal and interval/ratio measures of association
• C) only interval/ratio measures of association
• D) no measures of association indicate the strength of a relationship

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Definitions:

Ledgers

Financial records that contain a detailed account of all the financial transactions of a business.

Accrual Basis

An accounting method where transactions are recorded when they are earned or incurred, regardless of when cash is exchanged.

Cash Basis

An accounting method where revenues and expenses are recorded when they are actually received or paid out, not when they are earned or incurred.

Time Basis

A method of compensation or work arrangement based on the amount of time spent on a job rather than the task's outcome.