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When writing survey questions, survey developers make sure their survey questions have specific characteristics. These characteristics increase the likelihood of obtaining accurate information. For example, survey developers ensure survey questions are purposeful and straightforward. Identify and explain four additional characteristics of survey questions that you believe are most critical to obtaining accurate information. Provide an example of a survey question that demonstrates each characteristic.
Total Profits
The sum total of income generated by a business after subtracting all costs and expenses.
Purely Competitive
A market structure characterized by many sellers offering identical products to many buyers, with no single seller or buyer able to influence the market price.
Profit-maximizing
A strategic approach aimed at increasing a firm's profits to the highest possible level given its production costs and market conditions.
Purely Competitive
A market configuration where numerous small businesses produce the same goods and face no entry or exit obstacles.
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