(Scenario III) Based on the Information Provided in Scenario III

question 30

Multiple Choice

(Scenario III) Based on the information provided in Scenario III, which statement are you more likely to agree with?

• A) For survey research to be credible, a response rate closer to 100% is required.
• B) The response rate reported is acceptable as getting 100% participation is highly unlikely.
• C) The BLS probably didn't provide enough of an incentive for participation which led to fewer people responding to the survey as desired.
• D) More responses would have been obtained had the BLS conducted face-to-face interviews.

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Definitions:

Lend

The act of giving money or goods to someone with the expectation that it will be paid back in the future.

Consumption

The usage of resources or products for the purpose of satisfying human needs or wants.

Interest Rate

The amount charged by a lender to a borrower for the use of assets, expressed as a percentage of the principal.

Income

The monetary payment received for one's work, investments, or other sources, primarily used for personal consumption, savings, and investment.