The Members of Each Basketball Team Wear Numbers on the Back

question 47

Multiple Choice

The members of each basketball team wear numbers on the back of their jerseys. What scale of measurement are these numbers considered?

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

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Definitions:

FIFO System

A method of inventory valuation where goods first purchased or produced are the first to be sold or used, standing for "First In, First Out".

Investment Account

An account held at a financial institution that contains securities, cash, and other assets for investment purposes.

Subsidiary

A company that is controlled by another company, known as the parent company, through majority ownership.

Dividends

Payments made by a corporation to its shareholders, usually as a distribution of profits.