Temperature in Degrees Fahrenheit Is an Example of A(n) __________

question 24

Multiple Choice

Temperature in degrees Fahrenheit is an example of a(n) __________ variable.

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

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Definitions:

Senior Management

High-level executives responsible for the overall management and effectiveness of an organization.

Inventory Levels

The quantity of goods and materials on hand at any given time in a company.

Absorption Costing

An accounting method that includes all manufacturing costs—direct materials, direct labor, and both variable and fixed manufacturing overhead—in the cost of a product.

Variable Costing

A cost system that excludes fixed costs from product costs and writes off all fixed costs against income in the year that the costs are incurred. Also called direct costing.