Sales of a Restaurant (In Dollars)are an Example of What

question 179

Multiple Choice

Sales of a restaurant (in dollars) are an example of what level of data measurement?

• A)Interval level data
• B)Ordinal level data
• C)Nominal level data
• D)Ratio level data
• E)Relative level data

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Definitions:

Average Rate of Return

A profitability gauge for investments, determined by dividing the initial investment cost into the average yearly profit.

Present Value Factor

A factor used to calculate the present value of a cash flow to be received in the future.

Cash Payback Period

The period of time required for the return on an investment to "repay" the original capital cost of the investment.

Desired Rate

The desired rate often refers to the target interest rate set by central banks, or it could imply the expected return rate on investments by individuals or businesses.