You Are at the Gym and Are Interested in Determining

question 4

Multiple Choice

You are at the gym and are interested in determining the popularity of the treadmill machines versus the elliptical machines. As such, you decide to do a frequency count of the number of people using a treadmill compared to an elliptical. This is an example of what data collection tool?

• A) Survey
• B) Descriptive data collection
• C) Observation
• D) Sample studying

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Definitions:

Inefficient Use

Utilization of resources in a way that is not optimal or does not maximize the potential outcome or benefit.

Economies of Scale

The economic benefits that companies gain from their size of operations, usually with the expense for each produced unit going down as the production volume goes up because fixed expenses are distributed across a larger number of units.

Range of Output

The spectrum of production output levels within a manufacturing or production process, from minimum to maximum, based on capacity, demand, and resource availability.