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Firdavs [7]
3 years ago
14

A bank asks customers to evaluate the drive-thru service as good, average, or poor. Which level of measurement is this classific

ation? A. Nominal B. Ordinal C. Interval D. Ratio
Business
1 answer:
Lelechka [254]3 years ago
7 0

Answer:

B. Ordinal

Explanation:

Ordinal scales  of measurement is the second level of measurement that measures non numeric concepts like happiness, comfort, discomfort, etc

ordinal scale identifies rank of variables with orders like good, very good, excellent etc. An example of ordinal scale of measurement is the Likert scale with measures data with orders like strongly agreed, agreed, , disagreed, strongly disagreed .

In ordinal scale of measurement, it is the order that matters. Therefore a bank that allows  its customers to evaluates its drive - thru service  as good, average or poor is using the ordinal scale of measurement

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Arisa [49]

is a short description of an ideaor  product that you pitch to a company that you hope they will buy or invest in

question answered by

(jacemorris04)

3 0
4 years ago
At December 31, 2019 ABC Company’s inventory records indicated a balance of $878,000. Upon further investigation it was determin
KiRa [710]

Answer:

$ 701,000

Explanation:

Balance At December 31, 2019 = $878,000

$168,000 will be deducted since these are not due to be received until January 2nd as well as $9,000 will also be deducted

$878,000 - $168,000 - $9,000 = $ 701,000

8 0
3 years ago
Which of the following makes it more difficult for an incumbent to successfully engage in limit pricing? Multiple Choice Complet
kirill115 [55]

Answer:

Complete information

Explanation:

A limiting pricing can be described as a strategy that is employed by an incumbent to prevent entry by maintaining a price lower than the monopoly price.

In situation whereby there is completion information, it will be more difficult for an incumbent to successfully engage in limit pricing because knowledge about the incumbent, the market, product, and others is available to others.

7 0
3 years ago
Suppose when a monopolist produces 50 units its average revenue is $8 per unit, its marginal revenue is $4 per unit, its margina
Mamont248 [21]

Answer:

b. The monopolist is currently maximizing profits, and its total profits are $250

Explanation:

The computation of monopolist is shown below:-

The monopolist is producing 50 units ate which are

MR = $4

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MC = $4

ATC = $3

This applies that

MR = MC

while

P > ATC

So the monopolist is making a profit by making profit-maximizing quantity.

Total profits are (P - ATC) × Q

= (8 - 3) × 50

= $250

Hence, b option is correct

5 0
3 years ago
What is the role of the government in fiscal policy
Elena L [17]

It is the sister strategy to monetary policy through which a central bank influences a nation's money supply.

5 0
4 years ago
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