Some hotels ask their guests to rate the hotel's services as excellent, very good, good, and poor. This is an example of the ordinal scale.
What is ordinal scale and instance?
“Ordinal” indicates “order”. Ordinal information is quantitative information which have clearly happening orders and the distinction between is unknown. it could be named, grouped and also ranked. as an example: “How satisfied are you with our products?”
What is supposed by using ordinal scale?
The Ordinal scale includes statistical facts type in which variables are so as or rank however with out a degree of distinction between categories. The ordinal scale incorporates qualitative information; 'ordinal' that means 'order'. It places variables in order/rank, only allowing to measure the value as better or lower in scale.
What type of scale is ordinal?
The ordinal scale is the 2d degree of dimension that reports the ordering and ranking of records with out establishing the degree of version between them. Ordinal represents the “order.” Ordinal records is known as qualitative data or specific statistics. it is able to be grouped, named and additionally ranked.
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The process of documenting project procurement decisions specifying the approach and identifying potential sellers
Answer:
Option d: Is not included in gross income each year because of the substantial restrictions on gaining access to the policy's value
Explanation:
Cash Surrender Value is commonly known as the monetary amount an insured could get if there is a termination of policy that is before or earlier than maturity. It is also called a guarantee value.
Cash Surrender of Life Insurance policies is simply the outdated or a noncurrent investment with which a particular company is the beneficiary instead of the insured employees. The 1st few years of a policy, note that there is no cash surrender value that is attached to the policy but in course of the period, the entire insurance premium will be expense therefore dividends received from the life insurance policy forthwith are not recorded as revenue but recorded as an offset against insurance expense.
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