Which Treatment of Unsatisfactory Responses Is Desirable If (1)the Number

question 129

Multiple Choice

Which treatment of unsatisfactory responses is desirable if (1) the number of respondents with unsatisfactory responses is small; (2) the proportion of unsatisfactory responses for each of these respondents is small;or (3) the variables with unsatisfactory responses are not the key variables?

• A)returning to the field to get better data
• B)classifying and counting questionnaires accordingly
• C)discarding unsatisfactory responses
• D)assigning missing values

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Definitions:

Inspection Cost

The cost associated with ensuring products meet quality standards, including the labor and equipment used for inspection.

Units Produced

The total number of completed products that come out of a manufacturing process during a specific period.

Contribution Format Income Statement

An income statement layout that separates variable costs from fixed costs, showing the contribution margin and highlighting how sales revenue covers variable costs and fixed costs to determine net income.

Break-even Point

This refers to the level of production or sales volume at which total revenues match total expenses, resulting in no net profit or loss.