A Scale of Measurement in Which Objects or Individuals Are

question 4

Multiple Choice

A scale of measurement in which objects or individuals are categorized and the categories form a rank order along a continuum is a(n) _____ scale.

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

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Definitions:

Ending Inventory

The price of stock available for transaction at the termination of an accounting interval.

FOB Destination

A shipping term indicating that the seller bears the shipping costs and remains responsible for the goods until they are received and signed for by the purchaser.

FOB Shipping Point

A shipping term indicating that the buyer assumes responsibility for the goods and the shipping costs as soon as the goods leave the seller's premises.

Consignment

An arrangement in which goods are left with a third party to sell, but the ownership remains with the supplier until the goods are sold.