Constructing Culturally Sensitive Instruments Is Important When a Respondent Does

question 48

Multiple Choice

Constructing culturally sensitive instruments is important when a respondent does not speak either of the two official languages-English or French. A technique that can be used to address this challenge is:

• A) event history analysis
• B) secondary data analysis
• C) back translation
• D) life review
• E) objectivity

Distinguish between direct and indirect price discrimination techniques.

Analyze revenue outcomes based on different pricing and product strategies.

Understand the concept of consumer surplus in the context of product pricing.

Recognize examples of "metering" strategy in various industries.

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Definitions:

Term Insurance

A type of life insurance policy for which premiums are paid for a specified term and payment is made by the insurer only if the insured dies within the term period.

Cancel Policy

A cancel policy refers to the terms under which an agreement, insurance policy, or service contract can be terminated before its natural expiration date.

Advance Written-notice

A notification given in writing ahead of time, often a requirement in legal and contractual situations.

Incontestability Clause

A provision in a life insurance policy that prevents the insurer from disputing the policy's validity after it has been in force for a certain period, typically two years.