Incentives Often Used to Reduce Nonresponse Error in Survey Research

question 49

Multiple Choice

Incentives often used to reduce nonresponse error in survey research include:

• A) advance notification, assurance of insurance, and claims to be certified
• B) post notification, monetary incentives, and follow-up contacts
• C) advance notification, monetary incentives, and follow-up contacts
• D) ex post facto notification, assurance of insurance, and follow-up contacts
• E) promises not to "sell anything"

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Definitions:

Marginal Cost Curve

A graphical representation showing how the cost to produce one additional unit changes as production volume increases.

Profit-maximizing

Refers to a firm's goal of achieving the highest possible profit given its production costs and market conditions.

Wage Rate

The amount of money paid to a worker per unit of time (e.g., hourly, daily) for their labor.

Profit-maximizing

This refers to strategies or decisions aimed at achieving the highest possible profit for a business or entity.