What Is the Relationship Between a Conceptual Definition and an Operational

question 25

Multiple Choice

What is the relationship between a conceptual definition and an operational definition?

• A)The conceptual definition provides information; the operational definition provides none.
• B)The conceptual definition is concrete, and the operational definition is abstract.
• C)They are the same, in most instances.
• D)The operational definition allows the researcher to create a measurable variable from a concept; the conceptual definition does not.

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Definitions:

Per-Unit Subsidy

A financial incentive given by the government, reducing the cost of each unit of a good or service to either the producer or consumer.

Profit Maximization

A business objective to achieve the highest possible profit from operations, often by adjusting production, prices, and other variables.

Competitive Industry

An industry structure where many firms compete for market share, with no single company dominating the market.

Demand Curve

A graphical representation showing the relationship between the price of a good and the quantity of that good that consumers are willing to buy.