Data in an Examining Category Is

question 14

Multiple Choice

Data in an examining category is

• A)Any data gathered using quantitative methods.
• B)Any data gathered by analyzing existing records.
• C)Any data gathered through questioning or interviewing.
• D)Any data gathered through observation and field notes.

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Definitions:

Inputs

Assets like work, supplies, and funds that are utilized in the manufacturing process to produce products and services.

Production Possibility Frontier

A curve depicting the maximum attainable combinations of two or more products that a business can produce with limited resources.

Capital Goods

Long-lasting goods, such as equipment or buildings, used to produce other goods or services.

Consumer Goods

Products and services that are consumed by individuals or households to satisfy their needs or wants.