The Text Discusses Several Advantages of Personal Interviews

question 32

Multiple Choice

The text discusses several advantages of personal interviews.Which of the following is noted as one of the advantages versus other data collection methods?

• A)lower in cost
• B)quicker to collect data
• C)works well with long or complex questionnaires
• D)easy to obtain nationally representative samples

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Definitions:

FIFO Method

An inventory valuation method standing for "First In, First Out," assuming that the first items purchased or produced are the first ones sold.

Equivalent Units

A term used in cost accounting to represent a quantity of production expressed in terms of fully completed units, used in calculating the cost per unit during a period.

First Processing Department

The initial stage or department in a manufacturing or production process where raw materials begin their transformation into finished products.

FIFO Method

The First-In, First-Out method, an inventory valuation strategy where the first items placed in inventory are the first sold.