Which of the Following Statements Is True

question 19

Multiple Choice

Which of the following statements is true?
I. Value starts in the marketplace.
II. Cost and value are the same thing.
III. Counting and storing add value to the product.

• A) I and II
• B) I and III
• C) II and III
• D) I
• E) III

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Definitions:

Demand Characteristics

Features of an experiment that communicate to the participant the experimenter’s hypothesis.

Margin Of Error

A statistic measure of the amount of random sampling error in a survey’s results—for example, a 3% margin of error means that the survey’s result could be 3% lower or 3% higher than the average response—the larger the sample is, the smaller the margin of error is.

Measurement Validity

The extent to which a tool, test, or instrument accurately measures what it is intended to measure.

Freudian Psychoanalysis

A theoretical approach in psychology that emphasizes unconscious motivations and conflicts as the basis of human behavior, developed by Sigmund Freud.