Which of the Following Would Best Describe an Open-Ended Response

question 3

Multiple Choice

Which of the following would best describe an open-ended response option?

• A) When you have participants answer by rank ordering set choices
• B) Leaving a blank space for a participant to write an answer
• C) Having a categorical response option
• D) Having a participant answer using a Likert scale

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Definitions:

Unit Selling Price

The price at which a single unit of a product is sold to customers.

Sales

The total amount of goods or services sold by a company, serving as a major component of its revenue.

Cost-volume-profit Analysis

A method used to determine how changes in costs and volume affect a company's operating income and net income.

Service Companies

Businesses that provide intangible products or services to consumers or other businesses rather than manufacturing goods.