The Text Discusses Several Advantages of Telephone Versus Personal Interviews

question 6

Multiple Choice

The text discusses several advantages of telephone versus personal interviews.Which of the following is NOT noted as an advantage of telephone versus personal interviews as a data collection method?

• A)lower marginal costs
• B)easier to incorporate visual stimuli into the interview
• C)easier to administer complex skip patterns
• D)easier to obtain nationally representative samples

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Definitions:

Annuities

Financial products sold by financial institutions that are designed to accept and grow funds from an individual and then, upon annuitization, pay out a stream of payments to the individual at a later point in time.

Present Value

The current financial value of money to be obtained in the future or upcoming cash flow payments, quantified by a particular rate of return.

Cash Flows

The total amount of money being transferred in and out of a business, especially as affecting liquidity.

Investment

The expenditure of money with the expectation of achieving a profit or material result by putting it into financial schemes, shares, or property.