What Level of Measurement Allows for the Ranking of Data

question 8

Multiple Choice

What level of measurement allows for the ranking of data, a precise difference between units of measure, and also includes a true zero?

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

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Definitions:

Time-Driven Activity-Based Costing

Time-Driven Activity-Based Costing is an accounting method that assigns costs to products and services based on the time employees spend on activities.

Order Fulfillment Department

The division of a company responsible for processing customer orders and ensuring the delivery of products or services.

Capacity Analysis

An evaluation process to determine a company's ability to meet its production or service delivery goals with the current resources and infrastructure.

Time-Driven Activity-Based Costing

A method of costing that assigns costs based on the actual duration of activities and the cost of supplying resources, rather than on estimated allocations.