Open-Ended Questions Are Generally Easier for a Respondent to Answer

question 12

True/False

Open-ended questions are generally easier for a respondent to answer than closed-ended questions, which require more thought.

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Definitions:

Fixed Costs

Expenses that do not change with the level of production or sales activities over a specified period.

Accounting Break-even

The point at which total revenues exactly equal total expenses, and there is no profit or loss, from an accounting perspective.

Financial Break-even

The point at which total revenue equals total costs and expenses, leaving the company with no net profit or loss.

Variable Cost

Costs that move in correspondence with the quantity of products made or services sold.