You Are Examining a Variable's Attributes

question 39

Multiple Choice

You are examining a variable's attributes. They represent all the possibilities without overlapping one another; they have an inherent order; and they represent a numeric scale. Furthermore, the attributes are equally wide. What level of measurement does the variable have?

• A) nominal
• B) ordinal
• C) interval/ratio

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Definitions:

Income Statement

A financial statement that shows a company's revenues, expenses, and net income over a specific period.

Balance Sheet

A financial statement that shows the assets, liabilities, and shareholders' equity of a company at a specific point in time.

Dollar-Value LIFO Retail Inventory Method

A method for valuing inventory that combines the last-in, first-out (LIFO) principle with dollar values, adjusting for changing prices and inventory levels.

Price Index

A statistical measurement that shows changes in the price level of goods and services over time, indicating inflation or deflation.