What type of a scale asks the respondent to state his/her agreement or disagreement with a series of statements about a specific brand in terms of a five-point scale ranging from strongly agree to strongly disagree?

a. Likert scale
b. Semantic differential scale
c. Paired-comparison scale
d. Constant sum scale
e. Numerical scale

Answer: a. Likert scale

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Clark, quarterback for the Metropolis Superheroes, Inc., football team, is also the majority shareholder. He performs no services other than playing as quarterback for the team. His salary is twice that of the next highest-paid player in the league, even though his performance is below average for a quarterback. What is the most likely treatment of his salary upon audit of the Metropolis Superheroes by the IRS?

a. It is not deductible at all. b. It is deductible in full. c. It is deductible up to the amount of the next highest paid player d. It is deductible to the amount of the reasonable value of Clark's services.

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Keeping extra supplies of commonly used items on hand will waste space

Indicate whether the statement is true or false

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