Which of the Following Statements Is Correct Concerning the Reporting

question 59

Multiple Choice

Which of the following statements is correct concerning the reporting of quantitative data?

• A)People are not usually interested in proportions or ratios but in exact numbers.
• B)When tabulating research results of opinions and preferences, reporting exact statistics to the most accurate decimal point is necessary to avoid distortion in interpretation.
• C)Common language reduces difficult figures to the "common denominators" of language and ideas.
• D)Because of their absolute and understood value, dollars are a good measure of comparison from one year to another.

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Definitions:

Frictional Unemployment

Temporary unemployment existing in a job market due to time taken by workers to move between jobs, including new or re-entering workers.

Structural Unemployment

Unemployment arising from a persistent mismatch between the skills of workers and the requirements of jobs, often exacerbated by technology or market changes.

Frictional Unemployment

Temporary unemployment experienced by individuals transitioning between jobs, seasons, or moving to new locations.

Surplus

The situation in which the quantity of a good or service supplied exceeds the quantity demanded.