A Bank Asks Customers to Evaluate the Drive-Thru Service as to Good

question 22

Multiple Choice

A bank asks customers to evaluate the drive-thru service as to good, average, or poor. Which level of measurement is this classification?

• A) Nominal
• B) Ordinal
• C) Interval
• D) Ratio

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Definitions:

Residual Value

The estimated value that an asset will have at the end of its useful life, after depreciation has been taken into account.

Double Declining Balance

A method of accelerated depreciation which doubles the depreciation rate of the straight-line method, resulting in higher depreciation expenses in the earlier years of an asset's life.

Intangible Assets

Non-physical assets that hold value, such as patents, trademarks, and goodwill.

Intangible Assets

Non-physical assets that possess value due to their intellectual or non-material nature, such as patents, trademarks, and goodwill.