The Decision to Use Observation Methods of Data Collection Requires

question 9

Multiple Choice

The decision to use observation methods of data collection requires that the researcher specify

• A)who is to be observed.
• B)what aspects of the behavior should be reported.
• C)when the observation is to be made.
• D)where the observation is to be made.
• E)All of these are correct.

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Definitions:

Informational Asymmetry

A situation where one party in a transaction has more or superior information compared to another. This often leads to an imbalance in power or decision-making.

Hidden Action

A situation in principal-agent relationships where the agent's actions are not fully observable by the principal, potentially leading to agency problems.

Hidden Characteristic

A quality of a product or service that is not immediately observable to the buyer, often leading to information asymmetry in the market.

Transitive

In logic and mathematics, transitive refers to a relation where if it applies between successive pairs in a sequence, it also applies between any two members taken in order. For example, if A is larger than B, and B is larger than C, then A is larger than C.