Which of the Following Is a NOT a Disadvantage of Person-Administered

question 54

Multiple Choice

Which of the following is a NOT a disadvantage of person-administered surveys?

• A) slow speed
• B) high cost
• C) prone to human error
• D) adaptable
• E) interview evaluation

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Definitions:

Annuity

A financial product that pays out a fixed stream of payments to an individual, typically used as an income stream for retirees. It's a contract between an individual and an insurance company.

Utility Function

A utility function is a mathematical representation of a consumer's preference ranking for different bundles of goods, indicating the total satisfaction or utility derived from consuming these goods.

Wealth

The abundance of valuable resources or material possessions, or the control over such assets.

Subjective Measure

An assessment based on personal opinions, feelings, or attitudes, rather than objective, measurable criteria.