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:

Physical Capital

Assets owned by a business that are tangible and can be used in the production process, such as machinery, buildings, and equipment.

Microsoft Stock

Equity shares representing ownership in Microsoft Corporation, a major technology company.

Natural Resources

All gifts of nature used to produce goods and services; includes renewable and exhaustible resources.

Gifts of Nature

Natural resources and environmental conditions that are available for human use without the need to modify them significantly.