Ratio scales allow proportionate transformations of the form y = bx, where b is a positive constant. One can add an arbitrary constant, as in the case of an interval scale

The highest bidder at a judicial foreclosure receivesa.

a deed. b. a contract. c. a title. d. a certificate of sale.

A company in an industry characterized by monopolistic competition is most likely to adopt status quo pricing objectives

Indicate whether the statement is true or false