An Analyst Collects Data on the Weekly Closing Price of Gold

question 88

Multiple Choice

An analyst collects data on the weekly closing price of gold throughout a year. The scale of this data is

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

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Definitions:

Short-Term Financing

Borrowing options intended for a short period, typically less than a year, to cover immediate needs.

Matching Principle

An accounting concept stating that expenses should be matched with the revenues they help to generate, ensuring accurate financial reporting.

Working Capital

The difference between a company’s current assets and current liabilities, showing its short-term financial health and operational efficiency.

Vendors

Entities that supply goods or services to another, typically for business purposes.