Likert Scales Are Commonly Used by Psychologists to Measure Specific

question 15

Multiple Choice

Likert scales are commonly used by psychologists to measure specific phenomena, but how would you classify this data scale? (You may select more than one option.)

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

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Definitions:

Quantity Variance

A measure used in budgeting and accounting to compare the actual quantity of materials or products used to the expected amount under standard costing.

Cost Variance

The difference between the expected cost of a project or production and the actual cost.

Price Variance

The difference between the actual price paid for something and its standard or expected cost.

Quantity Variance

The difference between expected and actual quantities used in production, affecting cost and efficiency.