Explain How Data Collection Instruments, Such as Forms or Survey

question 22

Essay

Explain how data collection instruments, such as forms or survey questionnaires, affect the level of measurement in research. Associate the type of instrument with variable type, where possible.

---

Definitions:

Finished Product

The final output of the production process, ready for sale or distribution to customers.

Dollar Value

The monetary worth or price of a good, service, or financial instrument, often influenced by factors like demand, supply, and market conditions.

Inventory Value

The total cost or market price of all the goods and materials held by a company at a given time.

Cost of Lost Sales

The potential revenue lost when a business cannot meet customer demand due to inventory shortages or other operational failures.