Insurance companies are rated by several rating agencies. The Fitch 20-point scale

The ordinal measurement

Explanation:

In this question, we are concerned with knowing the level of measurement used by this scale

The correct answer to this is the ordinal measurement.

What the ordinal scale does is that it places events in order but it does not take into account the fact that the intervals of the scale need to be equal using some sets of rule.

It only places the intervals into groups of subdivisions without having a rule that uses an interval to place members of each subdivision into their class

(a) the value to Shane of the option he would have chosen had Option B not been available

Explanation:

The options to this question wasn't provided. A similar question can be found here: https://www.chegg.com/homework-help/questions-and-answers/la2-maurice-receives-100-birthday-gift-deciding-spend-money-narrows-options-four-choices-o-q26490461

Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.

Shane's opportunity cost is the value of the option he would have chosen if he didn't choose option B.

I hope my answer helps you