Which of the Following Is an Example of an Open-End

question 22

Multiple Choice

Which of the following is an example of an open-end question?

• A) How many employees to have?
• B) Are you working with a supplier at present?
• C) How do you currently assess the performance of your suppliers?
• D) Are you interested in making a purchase today?
• E) Do you prefer tea or coffee?

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Definitions:

Economic Profit

The discrepancy between a company's overall income and its combined explicit and implicit expenses.

TR

A common abbreviation for Total Revenue, the total income generated from sales of goods or services.

TC

Typically stands for Total Cost, which in economics is the sum of all costs incurred in the production of goods or services.

Economic Profit

The difference between total revenue and total costs, including both explicit and implicit costs, representing the surplus generated beyond the firm’s opportunity costs.