The Two Basic Types of Sensory Tests Are

question 11

Multiple Choice

The two basic types of sensory tests are

• A) analytical and subjective.
• B) effective and quantitative.
• C) analytical and affective.
• D) experiential and quantitative.
• E) objective and systematic.

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Definitions:

Profits

The financial gain realized when the revenue generated from business activities exceeds the expenses, taxes, and costs associated with maintaining the business.

Demand

The willingness and ability of consumers to purchase goods or services at various prices at a given time.

Industry

A collection of businesses and companies that produce similar goods or offer similar services within an economic sector.

Invisible Hand

A metaphor coined by Adam Smith to describe how individuals pursuing their self-interest unwittingly contribute to the economic prosperity of society.