What Kind of Measurement Scale Is Necessary to Conclude That

question 56

Multiple Choice

What kind of measurement scale is necessary to conclude that one score is twice a big as another?

• A)Ordinal
• B)Interval
• C)Ratio
• D)Interval or ratio

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Definitions:

Production Budget

A financial plan that estimates the cost of producing a product or offering a service, including direct materials, labor, and overhead.

Desired Ending Inventory

The ideal quantity of goods a company aims to have on hand at the end of an accounting period to meet customer demand without overstocking.

Cash Disbursements

Payments made in cash or through cash equivalents, including expenses, debt payments, and purchases of goods and services.

Cash Receipts

The total amount of cash collected by a business during a given period, including revenues and other forms of income.