Which of the Following Is FALSE

question 27

Multiple Choice

Which of the following is FALSE?

• A)Nonresponse error is a potential problem in any project for which data are not collected from all respondents selected for the sample.
• B)Nonresponse error only occurs when those who respond are systematically different from those who do not respond in some important way.
• C)Refusal bias applies to projects using all forms of data collection.
• D)The degree of nonresponse error is easy to assess.
• E)All of these statements are true.

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Definitions:

Switching

The act of changing from one option, system, service, product, or company to another, often seen in customers changing providers or businesses changing suppliers or technologies.

Economic Order Quantity

A formula used by companies to determine the optimal order size that minimizes the total costs associated with inventory.

Carrying Cost

The total cost of holding inventory, which includes storage, insurance, depreciation, spoilage, and opportunity cost.

Fixed Cost

Costs that do not change with the volume of production or level of activity within a certain range.