Certain Guidelines Should Be Kept in Mind When Coding

question 37

Multiple Choice

Certain guidelines should be kept in mind when coding. Among these is the following:

• A)The coding scheme should be appropriate to the analysis intended in the study.
• B)The coding scheme should be appropriate to the theoretical concepts being examined.
• C)The reliability of the coder(s)should always be verified.
• D)Code categories should be both mutually exclusive and exhaustive.
• E)Code categories should not be changed once the study starts.

Understand the distinction between normal profit and its significance in business.

Grasp the effects of uninsurable risks on business firms.

Recognize the entrepreneurial role in economic profit generation and the functions they typically do not undertake.

Understand the concept and importance of profit in entrepreneurship.

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Definitions:

Fluctuation

Variations or changes in level, amount, or value over a period of time, often seen in financial contexts like markets or interest rates.

Obscurity

Denotes a state of being unknown, unclear, or difficult to understand, often resulting from lack of visibility or clarity.

Haphazardness

The quality of lacking any obvious principle of organization, resulting in randomness or disorder.

Communication Channels

The mediums through which information and messages are transmitted within an organization, including verbal, nonverbal, written, and digital forms.