Nominal Data Are Also Called Qualitative or Categorical Data

question 49

True/False

Nominal data are also called qualitative or categorical data.

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Definitions:

Note Payable

A written promissory note wherein the borrower agrees to pay back the lender on demand or at a predetermined future date, along with interest.

Statement Of Cash Flows

A financial statement that provides aggregate data regarding all cash inflows a company receives from its ongoing operations, investment activities, and financing, as well as all cash outflows that pay for business activities and investments during a given period.

Common Stock

A type of security that signifies ownership in a corporation, representing a claim on part of the corporation's profits and assets.

Market Price

The current price at which an asset or service can be bought or sold in the open market.