Use the Following to Answer Questions

question 65

Multiple Choice

Use the following to answer questions
Jack Watson, an MBA student at the University of Tasmania in Hobart, recently purchased a small ice-cream and frozen yoghurt business close to campus to help pay his way through the program.Even though Hobart has cold winters, ice-cream and frozen yoghurt generally sell well year-round.After two months of operation, it became clear why the previous owners had sold the business: even though it seemed to be ideally located, sales were extremely disappointing.
-Besides administering the questionnaire, Jack observed people who came into his store and made notes about their appearance and behaviour.Which type of data did he collect?

• A)Indirect
• B)Mechanical
• C)Secondary
• D)Primary
• E)Direct

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Definitions:

Domestic Investment

This refers to the total amount of money invested within a country's own borders by both private and public sectors.

Foreign-Currency Exchange

The act of exchanging one country's currency for another's, influencing international trade and economic relations.

Exchange Rate

The price of one country's currency in terms of another currency, determining how much foreign currency can be obtained with a certain amount of domestic currency.

Quota

A quota is a government-imposed trade restriction that limits the number or monetary value of goods that can be imported or exported during a specific time period.