Variables Represent Different Levels of Measurement: Nominal, Ordinal, Interval, and Ratio

question 9

Multiple Choice

Variables represent different levels of measurement: nominal, ordinal, interval, and ratio. Levels of measurement tell us what sorts of information we can gain from the scores assigned to the _____.

• A) values of a variable
• B) categories of the level of measurement
• C) attributes of a concept
• D) conceptual measures of research

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Definitions:

Times Interest Earned

A financial ratio that measures a company's ability to meet its interest payments from its earnings before interest and taxes.

Interest Expense

The cost incurred by an entity for borrowed funds, typically expressed as an annual rate.

Quick Assets

Liquid assets that can be rapidly converted into cash, excluding inventory, such as cash, marketable securities, and receivables.

Leverage

The use of borrowed capital or financial instruments to increase the potential return of an investment or project.