If You Are Planning on Using a Survey to Collect

question 29

Multiple Choice

If you are planning on using a survey to collect data on your target population, what should be your first step (once you've reviewed the assessment objectives of your needs assessment) ?

• A) Meet with your needs assessment team to start drafting the survey.
• B) Start writing question objectives for the data you would like to collect.
• C) Start searching for an outside consultant who is an expert on survey development
• D) Examine the literature and government web sites for existing surveys on your topic

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Definitions:

Competitive Market

A market structure where many firms offer products or services that are similar, leading to high levels of competition.

Perfectly Competitive

A market structure characterized by a large number of small firms, homogenous products, and free entry and exit, leading to optimal distribution of resources.

MR = MC

An economic principle where the marginal revenue (MR) equals the marginal cost (MC), often used as a condition for profit maximization.

ATC = AVC

Indicates that the Average Total Cost equals the Average Variable Cost, a condition found at the minimum point of the Average Total Cost curve in economic analysis.