A Type of Observation in Which an Individual Is Observed

question 48

Multiple Choice

A type of observation in which an individual is observed for a predetermined amount of time is called (e.g., 10 minutes observing a classroom, three times during the day) :

• A) a non-intrusive sample.
• B) a controlled sample.
• C) a disengaged sample.
• D) a time sample.
• E) a focused sample.

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Definitions:

Diseconomies of Scale

A condition in which a firm experiences an increase in average costs as it increases its output, due to factors such as inefficiencies or complexity.

Marginal Product

The change in total output that results from the employment of one additional unit of a resource.

Marginal Cost

Represents the change in total production costs resulting from making one additional unit of a product or service.

Economies of Scale

Advantages in cost that businesses gain from expanding their production scale, leading to a decrease in the average cost per unit produced as the operation size grows.