The End Product of the Coding Process in Quantitative Analysis

question 10

Multiple Choice

The end product of the coding process in quantitative analysis refers to:

• A)the conversion of data items into numerical codes.
• B)the conversion of an attribute to a variable.
• C)the assignment of a number or numeral to each questionnaire item.
• D)the transfer of variables to the computer.
• E)the assignment of a variable to a computer column.

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Definitions:

Factors Of Production

The resources used to create goods or services, typically categorized into land, labor, capital, and sometimes entrepreneurship.

Short-Run

A time period in economics during which at least one input, such as plant size, is fixed and cannot be altered by a firm to respond to market changes.

Total Economic Cost

The sum of explicit and implicit costs, representing the total expense associated with producing a good or service.

Total Revenue

The overall amount of money generated by a business from its activities, such as sales of goods or services, before any expenses are subtracted.